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30 Crosby Street, New York ...

Daniel Schulman Acquires Soho Condo At 30 Crosby Street For $8.6M. - Serena Boardman, Sotheby's International
SOLD

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.

Players

Serena Boardman

Sotheby's International Realty

Broker

$138.2M

vol

6 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93