Luisa Mercedes Paez Lorenzo Acquires Condo In Chelsea, Manhattan For $4.1M
245 10th Avenue, New York City, New York 10001, United States
$4,100,000
$100/SF
Building Size
40,778 SF
Asset Type
—
Closing
Apr 28, 2022
About this deal
AI
A condo located at 245 10th Avenue in the Chelsea neighborhood of Manhattan has been sold for $4,100,000. The property spans a total area of 40,778 square feet and has a price per square foot of $100. The building has a total of 47,617 buildable square feet, resulting in a price per buildable square foot of $86. The lot size is 6,332 square feet, with dimensions of 39.58 ft x 100 ft. The previous sale of the property took place on December 16, 2008, for a price of $1,493,863. An alteration permit was issued on November 15, 2019.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,100,000
- Market: Chelsea, Manhattan
- Zoning: C6-3, WCH
- Floor Area Ratio (FAR): 6.44
- Last Sale Price: $1,493,863 (12/16/2008)
- Permits: Alteration 2 (11/15/2019)
The buyer of the property is Luisa Mercedes Paez Lorenzo, while the seller is Mitchell Klein.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $100 per square foot on a published $4.1M for 40,778 square feet (2022).
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93