Heather Marks Sells Condo In East Village For $1.66M With Jared Barnett & Augusto Bittencourt - Compass
425 E 13th St, Manhattan, New York, NY, USA
$1,660,000
$1,585/SF
Building Size
1,047 SF
Asset Type
—
Closing
Nov 30, 2021
About this deal
AI
The property involved in this closed transaction is a condo located at 425 E. 13th St. in the East Village market. The condo has a total area of 1,047 square feet and was sold for a price of $1,660,000, resulting in a price per square foot (PPSF) of $1,585. The seller of the property is Heather Marks. The transaction was facilitated by the brokerage team of Jared Barnett and Augusto Bittencourt from Compass. The property is zoned as C1-6A, and it has a floor area ratio (FAR) of 4.60. The lot size is 16,131 square feet, with dimensions of 25 feet wide and 206.5 feet deep. The property has an alteration permit issued on January 22, 2015.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,660,000
- Market: East Village
- Zoning: C1-6A
- Square Feet: 1,047
- Price per Square Foot: $1,585
- Floor Area Ratio: 4.60
- Lot Size: 16,131 square feet
- Permits: Alteration 2 (01/22/2015)
- Lot Dimension: 25 ft x 206.5 ft
Jared Barnett and Augusto Bittencourt, representing Compass, acted as the brokers for the seller, Heather Marks.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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About $1.6K per square foot on a published $1.7M for 1,047 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93