SOLD
SomeraRoad Acquires Condo In Financial District For $5.9M
1 Hanover Square, New York City, New York 10004, United States
$5,900,000
$240/SF
Building Size
24,496 SF
Asset Type
—
Closing
Mar 27, 2022
AI
A condo located at 1 Hanover Square in the Financial District was recently sold for $5,900,000. The property spans 24,496 square feet, resulting in a price per square foot of $240. The sale took place on 03/28/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 1 Hanover Square
- Market: Financial District
The buyer of the condo was SomeraRoad, represented by Ian Ross. The seller was India House.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93