Bruce Solomon Sells Chelsea Condo For $3.7M With Brokers Daniel Machover & Edward Poplawski Of Elegran Real Estate
SOLD
New York
See Similar Deals2,600 SF
Sold 08/04/2021
SOLD
Bruce Solomon Sells Chelsea Condo For $3.7M With Brokers Daniel Machover & Edward Poplawski Of Elegran Real Estate
465 West 23rd Street, Manhattan, New York, NY, USA
See Similar Deals2,600 SF
Sold 08/04/2021
Summary
NEW YORK
Price Per Square Foot:$1,440
Total Square Footage:2,600 SF
Transaction Type:Sale
Located at 465 West 23rd Street in Chelsea, this transaction involved the sale of a condo. The property spans approximately 2,600 square feet, with a sale price of $3,744,396. The price per square foot comes out to $1,440.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,744,396
Bruce Solomon was the seller in this deal, and he was represented by Daniel Machover and Edward Poplawski from Elegran Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,701.11
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,303.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,750.35
Annual Debt Service$213,004.17
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