Compass' Phillip Salem & Corcoran Group's Steve Gold Represent Sale Of Residential Condo At 520 W. 28th St. In Chelsea For $13.5M
520 West 28th Street, New York, NY 10001, USA
$13,500,000
$3,355/SF
Building Size
4,023 SF
Asset Type
—
Closing
Jul 1, 2020
About this deal
AI
A residential condo located at 520 W. 28th St. in Chelsea was sold in July 2021 for a total amount of $13,500,000. The property spans across a total area of 4,023 square feet, resulting in a price per square foot of $3,355. The sale also includes two parking spots, adding approximately $1.4 million in value.
Summary of transaction details
- Property Type: Residential Condo
- Sale Price: $13,500,000
- Size: 4,023 square feet
- Price per Square Foot: $3,355
- Address: 520 W. 28th St., Chelsea
The transaction was facilitated by two brokers. Phillip Salem from Compass and Steve Gold from The Corcoran Group represented the involved parties in the deal.
It is worth noting that Unit at 520 W. 28th St. was previously leased by Ariana Grande and Pete Davidson as their New York residence. This adds a unique aspect to the property's history.
On the Map
$13,500,000
$3,355/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93