Jane Sosi Acquires Lower East Side Condo For $2.075M At 32 Clinton St
SOLD
$2,075,000
New York
See Similar Deals1,486 SF
Sold 08/23/2021
SOLD
Jane Sosi Acquires Lower East Side Condo For $2.075M At 32 Clinton St
32 Clinton Street, Manhattan, New York, NY, USA
See Similar Deals1,486 SF
Sold 08/23/2021
Summary
NEW YORK
Price Per Square Foot:$1,396
Total Square Footage:1,486 SF
Transaction Type:Sale
A condominium unit located at 32 Clinton St. in the Lower East Side has been sold for a price of $2,075,000. The property, measuring 1,486 square feet, features a spacious layout and is situated in a desirable neighborhood. The transaction took place on August 23, 2021, with Jane Sosi from Compass representing the buyer as the broker.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,075,000
- Address: 32 Clinton St.
- Market: Lower East Side
- Square Footage: 1,486
Jane Sosi from Compass played a crucial role in the deal, serving as the buyer's broker representative. With their expertise, they helped facilitate the successful purchase of this desirable condo unit in the Lower East Side. The transaction showcases the strong demand for properties within this market and the ability of brokers to negotiate favorable terms for their clients.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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