Leonard B. Nathanson Acquires Condo In Chelsea, Manhattan For $21.1M
100 11th Avenue, New York City, New York 10011, United States
$21,125,000
$178/SF
Building Size
118,111 SF
Asset Type
—
Closing
Jul 28, 2022
About this deal
AI
The property involved in the transaction is a condo located at 100 11th Avenue in Chelsea, Manhattan. The asset has a zoning classification of C6-3, C6-2, WCH. The lot size measures 12,525 square feet, with dimensions of 98.58 feet by 118.42 feet. The building has a total gross square footage (BSF) of 94,188, resulting in a price per BSF of $224. The sale price of the property was $21,125,000, with a price per square foot (PPSF) of $178. The tax class of the property is 2. The property's floor area ratio (FAR) is 9.43. The last recorded sale price prior to this transaction was $19,397,663 on April 5, 2012.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $21,125,000
- Buyer: Leonard B. Nathanson
- Seller: Samuel Eber
The buyer in this transaction is Leonard B. Nathanson, while the seller is Samuel Eber. The property was sold for $21,125,000. Leonard B. Nathanson represented the buyer's interests in this deal.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $178 per square foot on a published $21.1M for 118,111 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93