Ron Vinder Acquires Walker Tower Condo In Chelsea For $18.25M
212 W 18th St, New York, NY 10011, USA
$18,250,000
$306/SF
Building Size
59,550 SF
Asset Type
—
Closing
Aug 18, 2020
About this deal
AI
Located in Chelsea, the residential condo at 212 West 18th Street, known as Walker Tower, has changed hands in a recent sale transaction. The property, spanning 5,955 square feet, was sold for a price of $18,250,000. This translates to a price per square foot (PPSF) of $3,064.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $18,250,000
- Address: 212 West 18th Street
- Market: Chelsea
The buyer of the condo was Ron Vinder, while the seller was the U.S. Marshals Service. It is worth noting that this property had previously been sold in 2014 for a significantly higher amount of $50.9 million, which yielded a PPSF of $8,547 at that time. However, no further information is available about the previous buyer, Khadem Al Qubaisi.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $306 per square foot on a published $18.3M for 59,550 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93