Naftali Singer Acquires Condo In New York For $12.5M With Ryan Serhant As The Broker
2211 Broadway, New York City, New York 10024, United States
$12,500,000
$1,644/SF
Building Size
7,600 SF
Asset Type
—
Closing
Aug 24, 2022
About this deal
AI
A luxury condo located at 2211 Broadway in New York has been sold in a recent transaction for a staggering $12,500,000. Spanning over 7,600 square feet, this impressive property boasts a price per square foot of $1,644. The buyer in this deal is Naftali Singer, represented by the renowned broker Ryan Serhant from Serhant agency.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $12,500,000
- Address: 2211 Broadway, New York
- Market: New York
- Square Footage: 7,600
- Price Per Square Foot: $1,644
In this condo transaction, Naftali Singer, the buyer, was represented by Ryan Serhant from Serhant agency. During the deal, Singer Capital LLC expressed their interest in multifamily properties in New York, New Jersey, and South Florida. It is noteworthy that Ariel Bouskila played a crucial role as the buyer's representative in this transaction.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $12.5M for 7,600 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93