Cosmo Pas LLC Acquires 260 Park Avenue South Condo For $10.95M
260 Park Avenue South, Manhattan, New York, NY, USA
$10,950,000
$2,725/SF
Building Size
4,017 SF
Asset Type
—
Closing
Jul 27, 2021
About this deal
AI
The condominium located at 260 Park Avenue South in the Flatiron market has been sold in a recent transaction. The property, which has a total area of 4,017 square feet, was purchased by Cosmo Pas LLC for a price of $10,950,000. The sale price translates to a price per square foot of $2,725. The seller of the property was Gtw Properties LLC. The deal was facilitated by Louise Beit from Sotheby's International Realty, who represented the buyer.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,950,000
- Square Footage: 4,017
- Price per Square Foot: $2,725
- Address: 260 Park Avenue South
- Market: Flatiron
The buyer, Cosmo Pas LLC, made this significant acquisition in the Flatiron market. The seller, Gtw Properties LLC, agreed to the deal facilitated by Louise Beit from Sotheby's International Realty. The transaction, which involved the sale of the condo property, showcases the active real estate market in the Flatiron area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93