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
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