Daniel Schulman Acquires Soho Condo At 30 Crosby Street For $8.6M. - Serena Boardman, Sotheby's International
30 Crosby Street, New York City, New York 10013, United States
$8,600,000
$1,869/SF
Building Size
4,600 SF
Asset Type
—
Closing
Mar 15, 2022
AI
Daniel Schulman, the CEO of PayPal, has purchased a condo in Soho for $8,600,000. The property, located at 30 Crosby Street, is a 4,600 square foot condo in the vibrant Soho market. The price per square foot for this transaction was $1,869. The deal was facilitated by Serena Boardman from Sotheby's International.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,600,000
- Address: 30 Crosby Street
- Market: Soho
Serena Boardman from Sotheby's International played a crucial role as the broker in this deal, representing Daniel Schulman in the transaction. The acquisition of this luxury condo showcases Schulman's interest in investing in prime real estate in Soho.
New York CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93