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
$3,750,000
$2,336/SF
Building Size
1,605 SF
Asset Type
—
Closing
Apr 17, 2022
AI
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.
Players
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93