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224 Mulberry Street, New Yo...

Jason E Green Acquires Condo In NoLIta, Manhattan For $10.999M
SOLD

Jason E Green Acquires Condo In NoLIta, Manhattan For $10.999M

224 Mulberry Street, New York City, New York 10012, United States

$10,999,000

$2,644/SF

Building Size

4,160 SF

Asset Type

Closing

Dec 19, 2021

AI

The property involved in this closed transaction is a condo located at 224 Mulberry Street in the NoLIta neighborhood of Manhattan. The property has a total square footage of 3,167 and a price per square foot of $3,473. The transaction took place on December 20, 2021, with a sale price of $10,999,000. The previous sale of the property occurred on March 23, 2015, for a price of $10,437,063.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $10,999,000
  • Address: 224 Mulberry Street, NoLIta, Manhattan
  • Square Footage: 3,167
  • Price per Square Foot: $3,473
  • Last Sale Price: $10,437,063 (3/23/2015)

The buyer in this transaction is Jason E Green, while the seller is Robert S Frankel. The property is classified as a condominium and is zoned as C6-2, LI. The property's floor area ratio (FAR) is 4.09, and it falls under tax class 2.

Players

Robert Frankel

Seller

$166M

vol

13 deals

Seller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93