Wesley Edens Acquires Residential Condo In Chelsea For $20.2M
520 W 28th St, New York, NY 10001, USA
$20,207,500
$2,948/SF
Building Size
6,853 SF
Asset Type
—
Closing
Sep 17, 2020
AI
The residential condo located at 520 W. 28 St. in Chelsea has been sold in a closed transaction. The property spans 6,853 square feet and was sold for a price of $20,207,500, resulting in a price per square foot of $2,948.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $20,207,500
- Address: 520 W. 28 St.
- Market: Chelsea
Wesley Edens has purchased the residential condo. The deal was facilitated by Peter Zaitzeff of Corcoran, who represented Wesley Edens as the buyer's broker.
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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93