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208 Delancey Street, New Yo...

VORO Acquires Condo At 208 Delancey Street In Lower East Side For $2.18M
SOLD

VORO Acquires Condo At 208 Delancey Street In Lower East Side For $2.18M

208 Delancey Street, New York City, New York 10002, United States

$2,185,000

$2,176/SF

Building Size

1,004 SF

Asset Type

Closing

Dec 10, 2021

AI

A top floor, 2 bedroom apartment at the brand new development on the corner of Delancey Street & Pitt Street has been sold in the Lower East Side. The unit is part of 208 Delancey, a high-end luxury condo building with 85 units. The sale was facilitated by Joseph Jacobs of VORO, representing the buyer, and Megan Spector-Brooke and Ian Slater of Compass, representing the seller, New Empire Real Estate - Bentley Zhou. The transaction took place on December 10, 2021, for a sale price of $2,185,000. The apartment spans 1,004 square feet, resulting in a price per square foot of $2,176.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $2,185,000
  • Address: 208 Delancey Street, Lower East Side
  • Market: Lower East Side

Joseph Jacobs of VORO, along with Megan Spector-Brooke and Ian Slater of Compass, played key roles in the sale of this condo unit. With their expertise, a beautiful home was found for the buyer in this luxury building. 208 Delancey offers an array of indoor and outdoor amenities and features award-winning architecture by ODA New York. For any future opportunities, please reach out to Joseph Jacobs at [email protected], Megan Spector-Brooke at [email protected], or Ian Slater at [email protected].

Players

Ian Slater

Compass

Broker

$35.1M

vol

6 deals

Broker
NE
New Empire Real EstateSeller

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

7.26%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93