facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

514 West 24th Street, New Y...

JDS Development Sells Residential Condo In West Chelsea For $15.25M With Broker Catherine Juracich
SOLD

JDS Development Sells Residential Condo In West Chelsea For $15.25M With Broker Catherine Juracich

514 West 24th Street, New York City, New York 10011, United States

$15,250,000

$3,523/SF

Building Size

4,328 SF

Asset Type

Closing

Dec 3, 2021

AI

The residential condo located at 514 West 24th Street, West Chelsea, was recently sold for a transaction amount of $15,250,000. The property spans a total area of 4,612 square feet, resulting in a price per square foot of $3,306. The sale took place on December 3, 2021.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $15,250,000
  • Square Footage: 4,612
  • Price per Square Foot: $3,306

The seller of the property was JDS Development, represented by Michael Stern. The brokerage involved in the sale was Douglas Elliman, with Catherine Juracich acting as the broker. Michael Stern and Catherine Juracich were key individuals in facilitating this transaction.

Players

Catherine Juracich

The Corcoran Group

Broker

$131.7M

vol

10 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93