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50 West 47th Street, New Yo...

Hilten Pandya Buys $1.25M Condo On 50 West 47th Street In Midtown
SOLD

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

Richard Nassimi

Douglas Elliman

Broker

$68.7M

vol

38 deals

Broker
The Nassimi Group
The Nassimi GroupBrokerage

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