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
About this deal
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.
On the Map
$20,207,500
$2,948/SF
View full map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $2.9K per square foot on a published $20.2M for 6,853 square feet (2020).
Visit Peter Zaitzeff to view all their deals.
Browse New York sales on Traded.
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