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21 South End Avenue, New Yo...

Bill Hausman Acquires Condo In Manhattan For $500K From Seller Shangying Jiang And Broker Richard Nassimi
SOLD

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

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

Richard Nassimi

Douglas Elliman

Broker

$68.7M

vol

38 deals

Broker
The Nassimi Group
The Nassimi GroupBrokerage

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

31.73%

Cash-on-Cash

-9.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93