Ron Vinder Acquires Walker Tower Condo In Chelsea For $18.25M
SOLD
$18,250,000
New York
See Similar Deals59,550 SF
Sold 08/19/2020
SOLD
Ron Vinder Acquires Walker Tower Condo In Chelsea For $18.25M
212 W 18th St, New York, NY 10011, USA
See Similar Deals59,550 SF
Sold 08/19/2020
Summary
NEW YORK
Price Per Square Foot:$306
Total Square Footage:59,550 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$973,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,838.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,514.31
Annual Debt Service$1,038,171.73
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