David Lipa Acquires Condo At 613 East 6th Street In East Village From Ian Harris For $1.18M
613 East 6th Street, New York City, New York 10009, United States
$1,187,500
$1,217/SF
Building Size
975 SF
Asset Type
—
Closing
Aug 4, 2022
AI
Located at 613 East 6th Street in East Village, this recently closed residential transaction involved the sale of a condo property. The condo spans across 975 square feet and was sold for $1,187,500, resulting in a price per square foot of $1,218. The transaction took place on August 5, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,187,500
- Address: 613 East 6th Street, East Village
- Property Size: 975 square feet
- Buyer: David Lipa
- Seller: Ian Harris
- Buyer's Representative: JC Vasquez
- Seller's Representative: Bernardo “Beni” Metsch - Atelier WM LLC
- Price per Square Foot: $1,218
The transaction was facilitated by JC Vasquez, who represented the buyer, David Lipa. On the other side, Bernardo “Beni” Metsch, from Atelier WM LLC, acted as the seller's representative, representing Ian Harris. These individuals played instrumental roles in negotiating the deal, ensuring a successful sale.
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
13.36%
Cash-on-Cash
-3.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93