JDS Development Sells Residential Condo In West Chelsea For $15.25M With Broker Catherine Juracich
SOLD
$15,250,000
New York
See Similar Deals4,328 SF
Sold 12/03/2021
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
See Similar Deals4,328 SF
Sold 12/03/2021
Summary
NEW YORK
Price Per Square Foot:$3,523
Total Square Footage:4,328 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,180.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,292.78
Annual Debt Service$867,513.36
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