A-2 Trust Acquires 18 Gramercy Park South Condo In Gramercy For $13.5M
18 Gramercy Park South, Manhattan, New York, NY, USA
$13,500,000
$3,208/SF
Building Size
4,207 SF
Asset Type
—
Closing
Sep 7, 2021
AI
The property at 18 Gramercy Park South in Gramercy has been sold in a closed transaction. The condo has a total area of 4,207 square feet and was sold for a price of $13,500,000, resulting in a price per square foot of $3,208. The property is zoned as R7B, R8B, LH-1, and has a FAR of 12.92. The tax class of the property is 2 and the lot size is 5,260 square feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,500,000
- Address: 18 Gramercy Park South, Gramercy
- Area: 4,207 square feet
- Price per Square Foot: $3,208
- Zoning: R7B, R8B, LH-1
- FAR: 12.92
- Tax Class: 2
- Lot Size: 5,260 square feet
The buyer of the property is A-2 Trust, while the seller is Victoria Harbour LLC. The deal was facilitated by Ileen Schoenfeld & Ary Moran from Brown Harris Stevens.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93