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
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