Spire Group NY Represents Buyer In $4.9M Sale Of Manhattan Resi Condo
SOLD
$4,999,900
+ 1
New York
See Similar Deals1,943 SF
Sold
SOLD
Spire Group NY Represents Buyer In $4.9M Sale Of Manhattan Resi Condo
570 Broome St, Manhattan, New York, NY, USA
See Similar Deals1,943 SF
Sold
+ 1
Summary
NEW YORK
Price Per Square Foot:$2573
Total Square Footage:1943 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,661.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.08
Annual Debt Service$284,424.92
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