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301 East 80th Street, Manha...

Compass Represents Buyer In $6.35M Condo Sale On East 80th Street, Yorkville
SOLD

Compass Represents Buyer In $6.35M Condo Sale On East 80th Street, Yorkville

301 East 80th Street, Manhattan, New York, NY, USA

$6,350,000

$2,354/SF

Building Size

2,697 SF

Asset Type

Closing

Jul 19, 2021

AI

A condominium located at 301 East 80th Street in the Yorkville neighborhood has been sold for a total price of $6,350,000. This condo spans across 2,697 square feet, resulting in a price per square foot of $2,364. The property is situated on a lot with dimensions of 127.7 feet by 100 feet, amounting to a total lot size of 12,770 square feet.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,350,000
  • Address: 301 East 80th Street, Yorkville
  • Square Footage: 2,697
  • Price Per Square Foot: $2,364

The buyer of this condo was represented by Pamela Marcus & Philip Wells from Compass, while the seller was represented by Barbara Russo from Douglas Elliman Development Marketing. The transaction involved a subdivision permit and a condo permit obtained on March 10, 2021. The property, classified under tax class 2, has a floor area ratio (FAR) of 19.68. These details highlight the key individuals and companies involved in the deal, shedding light on the real estate professionals who played a role in the transaction.

Players

Philip Wells

Compass

Broker

$6.4M

vol

1 deal

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

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93