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
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