Hilten Pandya Buys $1.25M Condo On 50 West 47th Street In Midtown
50 West 47th Street, New York, NY 10036
$1,250,000
$1,157/SF
Building Size
1,080 SF
Asset Type
—
Closing
Jan 14, 2022
AI
Located at 50 West 47th Street in Midtown, this recently sold condo offers a prime location in the heart of the city. The property spans 1,080 square feet, featuring a spacious layout perfect for urban living. The sale transaction took place on January 14, 2022, and the asset type is a condo.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,250,000
- Square Footage: 1,080
- Price per Square Foot: $1,157
- Address: 50 West 47th Street, Midtown
Hilten Pandya was the buyer of the property, while Beskir Cony acted as the seller. Representing the seller in this transaction was Richard Nassimi, a broker from The Nassimi Group. The sale price of $1,250,000 reflects a competitive market value for the condo, with a price per square foot of $1,157.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93