Urban Real Estate Inc. Acquires Residential Condo In Gramercy For $4.95M
200 East 21st Street, Manhattan, New York, NY, USA
$4,950,000
$1,303/SF
Building Size
3,797 SF
Asset Type
—
Closing
Jun 21, 2020
AI
A residential condo located at 200 East 21st Street in the Gramercy market was recently sold. The property, spanning 2,033 square feet, was sold for a price of $4,950,000, resulting in a price per square foot of $2,434. The transaction took place on 06/21/2021. The asking price for the condo was $5,375,000.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $4,950,000
- Address: 200 East 21st Street
- Market: Gramercy
The buyer of the condo was represented by Nicole Finkel and Drew Sheftel from Urban Real Estate Inc. On the other hand, Glenn Davis, Justin Tuinstra, and David Alex Andrejko from Douglas Elliman represented the seller in the transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93