R New York Brokers Facilitate $6.5M Sale Of Residential Condo In Flatiron
SOLD
$6,500,000
New York
See Similar Deals4,700 SF
Sold 01/05/2022
SOLD
R New York Brokers Facilitate $6.5M Sale Of Residential Condo In Flatiron
31 West 21st Street, New York City, New York 10010, United States
See Similar Deals4,700 SF
Sold 01/05/2022
Summary
NEW YORK
Price Per Square Foot:$1,383
Total Square Footage:4,700 SF
Transaction Type:Sale
Located at 31 West 21st Street in the Flatiron District, this residential condo was recently sold in a closed transaction. The property spans across 4,700 square feet and offers a spacious living area. The sale price for this condo was $6,500,000, resulting in a price per square foot of $1,382. The transaction took place on January 5, 2022.
Summary of transaction details
- Property Type: Residential Condo
- Sale Price: $6,500,000
- Square Footage: 4,700
- Price per Square Foot: $1,382
- Address: 31 West 21st Street, Flatiron
The deal was facilitated by Stefani Berkin and Rob Barr from R New York. They represented the parties involved in the transaction, ensuring a smooth and successful sale of the residential condo located in the highly sought-after Flatiron District. With their expertise, both buyers and sellers were able to negotiate a satisfactory deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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