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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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