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247 West 46th Street, New Y...

Jay Lan Acquires Condo In Midtown For $2.03M With Buyer's Rep Gershon Adjaye & Seller's Rep Bo Poulsen
SOLD

Jay Lan Acquires Condo In Midtown For $2.03M With Buyer's Rep Gershon Adjaye & Seller's Rep Bo Poulsen

247 West 46th Street, New York City, New York 10036, United States

$2,028,000

$1,560/SF

Building Size

1,300 SF

Asset Type

Closing

Jun 16, 2022

AI

The condominium located at 247 W. 46th St., Midtown has been sold in a recent transaction. The property has a total area of 1,300 square feet and was sold for a price of $2,028,000, resulting in a price per square foot of $1,560. The buyer of the condo is Jay Lan, while the seller is Thendo Geraldine Ramaite.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,028,000
  • Address: 247 W. 46th St., Midtown
  • Buyer: Jay Lan
  • Seller: Thendo Geraldine Ramaite

Gershon Adjaye, representing Keller Williams NYC, acted as the buyer's representative in this transaction, while Bo Poulsen, from Brown Harris Stevens, represented the seller, Thendo Geraldine Ramaite.

Players

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker

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

7.82%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93