SomeraRoad Acquires Condo In Financial District For $5.9M
SOLD
$5,900,000
New York
See Similar Deals24,496 SF
Sold 03/28/2022
SOLD
SomeraRoad Acquires Condo In Financial District For $5.9M
1 Hanover Square, New York City, New York 10004, United States
See Similar Deals24,496 SF
Sold 03/28/2022
Summary
NEW YORK
Price Per Square Foot:$240
Total Square Footage:24,496 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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