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18 Gramercy Park South, Man...

A-2 Trust Acquires 18 Gramercy Park South Condo In Gramercy For $13.5M
SOLD

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

Ileen Schoenfeld

Brown Harris Stevens

Broker

$13.5M

vol

4 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93