Dolly Lenz Real Estate Brokers Sell Chelsea Condo At 263 Ninth Ave For $1.66M
263 Ninth Ave, Manhattan, New York, NY, USA
$1,660,000
$1,313/SF
Building Size
1,264 SF
Asset Type
—
Closing
Nov 18, 2021
About this deal
AI
The condominium located at 263 Ninth Ave in the Chelsea neighborhood has been sold in a recent transaction. The property, which falls under the zoning classification of R8, C1-5, was sold for a total price of $1,660,000. Spanning across a total area of 1,264 square feet, the condo was valued at an average price per square foot of $1,313. The sale took place on November 19, 2021, and the lot size of the property measures 9,875 square feet.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $1,660,000
- Market: Chelsea
- Zoning: R8, C1-5
The sellers of the condo were Greg Kelly and Judith Grey. The transaction was facilitated by the renowned brokers Dolly Lenz, Jenny Lenz, and Adam Vanderbrook, representing Dolly Lenz Real Estate. Additionally, an alteration permit was obtained for the property on March 4, 2016. The dimensions of the lot are 98.75 feet by 100 feet, and the property has a floor area ratio (FAR) of 9.03. These unique details help shed light on the individuals and companies involved in the deal, providing a deeper understanding of the transaction.
Players
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Deal FAQ
About $1.3K per square foot on a published $1.7M for 1,264 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93