Bill Hausman Acquires Condo In Manhattan For $500K From Seller Shangying Jiang And Broker Richard Nassimi
21 South End Avenue, New York City, New York 10280, United States
$500,000
$892/SF
Building Size
560 SF
Asset Type
—
Closing
Feb 13, 2022
About this deal
AI
The condominium located at 21 South End Avenue in Manhattan has been sold in a transaction that took place on February 14, 2022. The property, measuring 560 square feet, was sold for $500,000, resulting in a price per square foot of $892. The sale was facilitated by Richard Nassimi from The Nassimi Group. The buyer of the condo is Bill Hausman, while the seller is Shangying Jiang.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $500,000
- Address: 21 South End Avenue
- Market: Manhattan
- Asset Type: Condo
- Buyer: Bill Hausman
- Seller: Shangying Jiang
- Broker: Richard Nassimi - The Nassimi Group
- SF: 560
- PPSF: $892
Richard Nassimi from The Nassimi Group played a crucial role as the broker in this transaction. The sale of this condo at 21 South End Avenue demonstrates the ongoing demand in the Manhattan market and the willingness of buyers like Bill Hausman to invest in properties in this area at a price of $892 per square foot.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $892 per square foot on a published $500K for 560 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93