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50 West 15th Street, New Yo...

Corcoran Group Sells Flatiron District Condo On 50 West 15th Street For $2.775M
SOLD

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

Josh Rubin

Douglas Elliman

Broker

$2.8M

vol

1 deal

Broker

Jamestown 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

5.72%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93