Corcoran Group Sells Flatiron District Condo On 50 West 15th Street For $2.775M
50 West 15th Street, New York, NY, USA
$2,775,000
$1,791/SF
Building Size
1,549 SF
Asset Type
—
Closing
Aug 11, 2021
AI
A condo unit located at 50 West 15th Street in the Flatiron District has been sold for $2,775,000. The property, with a size of 1,549 square feet, was sold at a price per square foot of $1,791. The transaction took place on August 12, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,775,000
- Address: 50 West 15th Street, Flatiron District
- Size: 1,549 square feet
- Price per Square Foot: $1,791
The buyer was represented by Josh Rubin from Douglas Elliman, while the sellers were represented by Elyse Gutman and Steve Gutman from the Corcoran Group.
The property has a floor area ratio (FAR) of 5.73 and falls under tax class 2. The lot size is 10,325 square feet, with dimensions of 100 feet by 103.25 feet.
Players
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Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93