The Alexander Team Acquires Condo In Manhattan For $7.1M
SOLD
$7,100,000
+ 2
New York
See Similar Deals3,597 SF
Sold 05/03/2022
SOLD
The Alexander Team Acquires Condo In Manhattan For $7.1M
49 Chambers Street, New York City, New York 10007, United States
See Similar Deals3,597 SF
Sold 05/03/2022
+ 2
Summary
NEW YORK
Price Per Square Foot:$1,973
Total Square Footage:3,597 SF
Transaction Type:Sale
Located at 49 Chambers Street in Manhattan, this recently closed property transaction involved the sale of a condominium. The property spans approximately 4,000 square feet and was sold for a total price of $7,100,000, resulting in a price per square foot of $1,775.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,100,000
Tal Alexander, Jared Schwadron, and Oren Alexander from the Alexander Team at Douglas Elliman represented the buyer in this transaction. Their expertise and knowledge played a vital role in closing the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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