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
About this deal
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.
On the Map
$2,028,000
$1,560/SF
View full map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $1.6K per square foot on a published $2M for 1,300 square feet (2022).
Visit Bo Poulsen to view all their deals.
Browse New York sales on Traded.
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