Compass Brokers Philip Scheinfeld & David Berger Facilitate $5.2M Sale Of Resi Condo In Madison Square West
SOLD
$5,225,000
New York
See Similar Deals2,205 SF
Sold 05/20/2021
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
See Similar Deals2,205 SF
Sold 05/20/2021
Summary
NEW YORK
Price Per Square Foot:$2,369
Total Square Footage:2,205 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$278,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,563.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,769.17
Annual Debt Service$297,229.99
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