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570 Broome St, Manhattan, N...

Spire Group NY Represents Buyer In $4.9M Sale Of Manhattan Resi Condo
SOLD

Spire Group NY Represents Buyer In $4.9M Sale Of Manhattan Resi Condo

570 Broome St, Manhattan, New York, NY, USA

$4,999,900

$2,573/SF

Building Size

1,943 SF

Asset Type

Closing

Mar 25, 2021

AI

The residential condo located at 570 Broome Street in Manhattan was recently sold in a closed transaction on March 26, 2021. The property, spanning 1,943 square feet, was listed for sale with an asking price of $5,995,000. Ultimately, the sale price for the condo was $4,999,900, resulting in a price per square foot of $2,573.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $4,999,900
  • Address: 570 Broome Street, Manhattan
  • Asking Price: $5,995,000
  • Square Footage: 1,943
  • Price Per Square Foot: $2,573

The buyer of the condo was represented by Kiran Mummidichetty from Spire Group NY, while the seller was represented by Ian Slater, Philip Scheinfeld, and Sean M. Turner from Compass.

Players

Ian Slater

Compass

Broker

$35.1M

vol

6 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93