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
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