Douglas Elliman Real Estate Sells Soho Condo For $10.2M
SOLD
$27,500,000
New York
See Similar Deals13,666 SF
Sold 12/06/2021
SOLD
Douglas Elliman Real Estate Sells Soho Condo For $10.2M
72 Mercer Street
See Similar Deals13,666 SF
Sold 12/06/2021
Summary
NEW YORK
Price Per Square Foot:$2,012
Total Square Footage:13,666 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
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