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
About this deal
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.
The commercial sale at 1 Hanover Square, New York City, New York 10004, United States in New York, New York sold for $5.9M in 2022. The building is 24,496 square feet, implying about 240 per square foot on the published price. Named participants on the 1 Hanover Square, New York City, New York 10004, United States sale are Ian Ross. This page is the New York, New York file for the 1 Hanover Square, New York City, New York 10004, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 1 Hanover Square, New York City, New York 10004, United States around 2022. Published consideration for 1 Hanover Square, New York City, New York 10004, United States is $5.9M, dated 2022. Cite this SomeraRoad Acquires Condo In Financial District For $5.9M sale when underwriting similar commercial product around New York, New York.
Players
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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