Shane Neman Sells Residential Condo In Chelsea For $3.9M
201 West 17th Street, New York, NY 10011, USA
$3,900,000
$1,759/SF
Building Size
2,216 SF
Asset Type
—
Closing
Nov 2, 2021
About this deal
AI
Located at 201 West 17th Street in Chelsea, this residential condo was recently sold in a closed transaction. The property spans a total of 2,216 square feet, offering ample space for comfortable living. The sale price for this condo was set at $3,900,000, resulting in a price-per-square-foot value of $1,760.
Summary of Transaction Details:
- Property Type: Residential Condo
- Transaction Amount: $3,900,000
- Address: 201 West 17th Street, Chelsea
- Square Footage: 2,216 sqft
- Seller: Neman Ventures - Shane Neman
- Broker: Brandon Trentham (The Trentham Team) - Compass
- Seller's Counsel: Peter Zinkovetsky
The seller of this residential condo was Neman Ventures, represented by Shane Neman. The broker involved in the transaction was Brandon Trentham from The Trentham Team at Compass. Peter Zinkovetsky provided legal counsel for the seller. These individuals played crucial roles in ensuring a successful transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $3.9M for 2,216 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93