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
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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