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10 Madison Square West, Bro...

Compass Brokers Philip Scheinfeld & David Berger Facilitate $5.2M Sale Of Resi Condo In Madison Square West
SOLD

Compass Brokers Philip Scheinfeld & David Berger Facilitate $5.2M Sale Of Resi Condo In Madison Square West

10 Madison Square West, Broadway, New York, NY, USA

$5,225,000

$2,369/SF

Building Size

2,205 SF

Asset Type

Closing

May 19, 2021

AI

A residential condominium unit located at 10 Madison Square West (Madison Square Park) has been sold. The property, consisting of 2,205 square feet, was sold for a price of $5,225,000. This translates to a price per square foot of $2,369.

Summary of transaction details

  • Property Type: Resi Condo
  • Transaction Amount: $5,225,000
  • Address: 10 Madison Square West (Madison Square Park)
  • Square Footage: 2,205
  • Asking Price: $5,500,000
  • Price Per Square Foot: $2,369

The sale transaction was facilitated by brokers Philip Scheinfeld, Philip Scheinfeld Team, and David Berger, all representing Compass. The legal counsel for the deal was provided by Sandor Krauss and Samantha Gordon.

Players

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 deals

Broker

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

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93