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
About this deal
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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2K per square foot on a published $27.5M for 13,666 square feet (2021).
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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