Jane Sosi Acquires Lower East Side Condo For $2.075M At 32 Clinton St
32 Clinton Street, Manhattan, New York, NY, USA
$2,075,000
$1,396/SF
Building Size
1,486 SF
Asset Type
—
Closing
Aug 23, 2021
About this deal
AI
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.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $2.1M for 1,486 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93