REAL New York LLC Represents Buyer In $3.75M Sale Of 3-Bedroom Condo In Kips Bay
SOLD
$3,750,000
New York
See Similar Deals1,605 SF
Sold 04/18/2022
SOLD
REAL New York LLC Represents Buyer In $3.75M Sale Of 3-Bedroom Condo In Kips Bay
368 3rd Avenue, New York City, New York 10016, United States
See Similar Deals1,605 SF
Sold 04/18/2022
Summary
NEW YORK
Price Per Square Foot:$2,336
Total Square Footage:1,605 SF
Transaction Type:Sale
The condo located at 368 3rd Ave. Unit 28A in Kips Bay was recently sold for $3,750,000. This property is a 3-bedroom and 3.5-bathroom unit, spanning 1,605 square feet. The price per square foot for this transaction was $2,336.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $3,750,000
- Address: 368 3rd Ave. Unit 28A
- Market: Kips Bay
- Bedrooms: 3
- Bathrooms: 3.5
The buyer's representative for this deal was Mendel Jacobson & Wendy Lee from REAL New York LLC. On the seller's side, Brown Harris Stevens Development Marketing LLC represented the property. Both parties played a crucial role in ensuring the successful sale of this condo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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