facebook
Traded Co logo
Submit

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

Property Image
SOLD
$15,500,000
Marc Riedel
Tal Alexander

New York

See Similar Deals
4,271 SF
Sold 02/03/2022
the dealplayerscompscontact
Property Image
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

See Similar Deals
4,271 SF
Sold 02/03/2022
Marc Riedel
Tal Alexander
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Price Per Square Foot:$3,629
Total Square Footage:4,271 SF
Transaction Type:Sale

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
Tal Alexander
83 deals$1.8B volume(212) 951-0071
BROKER
Marc Riedel
Douglas Elliman
Marc Riedel
5 deals$63.9M volume
BROKER

Details

SOLD
IMAGE: Tal Alexander & Marc Riedel DATE: 02/03/22 ADDRESS: 551 West 21st Street,  MARKET: West Chelsea ASSET TYPE: Residential Condo BUYER’S REP: Tal Alexander (@TalAlexander) & Marc Riedel (@MarcRiedelNY) (Alexander Team) (@AlexanderTeam) - Douglas Elliman SALE PRICE: $15,500,000 SF: 4,271 ~ PPSF: $3,629

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$826,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89