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49 Chambers Street, New Yor...

The Alexander Team Acquires Condo In Manhattan For $7.1M
SOLD

The Alexander Team Acquires Condo In Manhattan For $7.1M

49 Chambers Street, New York City, New York 10007, United States

$7,100,000

$1,973/SF

Building Size

3,597 SF

Asset Type

Closing

May 2, 2022

AI

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.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93