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551 West 21st Street, New Y...

Residential Condo In West Chelsea Sells For $15.5M With Buyer's Rep Tal Alexander & Marc Riedel
SOLD

Residential Condo In West Chelsea Sells For $15.5M With Buyer's Rep Tal Alexander & Marc Riedel

551 West 21st Street, New York City, New York 10011, United States

$15,500,000

$3,629/SF

Building Size

4,271 SF

Asset Type

Closing

Feb 2, 2022

AI

This residential condo located at 551 West 21st Street in West Chelsea was recently sold for a total of $15,500,000. The property spans a total area of 4,271 square feet, resulting in a price per square foot of $3,629. The sale took place on February 3, 2022, making it a recent transaction in the area.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $15,500,000
  • Address: 551 West 21st Street, West Chelsea
  • Square Footage: 4,271 sqft
  • Price Per Square Foot: $3,629

The buyer's representatives in this deal were Tal Alexander and Marc Riedel from the Alexander Team at Douglas Elliman. Their expertise and negotiation skills played a crucial role in finalizing the sale of this residential condo. With their assistance, the transaction was successfully completed at a favorable price.

Players

Tal Alexander

Official

Broker

$1.8B

vol

83 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

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93