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72 Mercer Street

Douglas Elliman Real Estate Sells Soho Condo For $10.2M
SOLD

Douglas Elliman Real Estate Sells Soho Condo For $10.2M

72 Mercer Street

$27,500,000

$2,012/SF

Building Size

13,666 SF

Asset Type

Closing

Dec 6, 2021

AI

The condo located at 72 Mercer Street in Soho has been sold for a total price of $10,225,000. The property spans across 4,075 square feet, resulting in a price per square foot of $2,509. The sale took place on June 21, 2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $10,225,000
  • Property Address: 72 Mercer Street, Soho
  • Square Footage: 4,075
  • Price Per Square Foot: $2,509

Douglas Elliman Real Estate represented the sellers in this transaction. Aysegul Demir and Alexa Polachi Galligan served as the seller's representatives.

Players

Aysegul Demir

Douglas Elliman

Broker

$42.7M

vol

3 deals

Broker

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

0.58%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93