facebook
Traded Co logo
Submit

Adam Weitsman Acquires Lenox Hill Condo From John Paulson For $5M

Property Image
SOLD
$5,000,000

New York

See Similar Deals
6,500 SF
Sold 03/17/2022
the dealplayerscompscontact
Property Image
SOLD

Adam Weitsman Acquires Lenox Hill Condo From John Paulson For $5M

Lenox Hill, New York City, New York, United States

See Similar Deals
6,500 SF
Sold 03/17/2022
Contact now

Summary

NEW YORK
Price Per Square Foot:$769
Total Square Footage:6,500 SF
Transaction Type:Sale

Located in Lenox Hill, this condo was recently sold in a closed transaction. The property holds a sale price of $5,000,000, with a total square footage of 6,500. The price per square foot comes out to $769. The buyer in this transaction is Adam Weitsman, the owner of Upstate Shredding – Weitsman Recycling. The seller of this condo is John Paulson. The deal was facilitated by Rachel Glazer, a broker from Compass.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Square Footage: 6,500
  • Price per Square Foot: $769
  • Buyer: Adam Weitsman - Upstate Shredding – Weitsman Recycling
  • Seller: John Paulson
  • Broker: Rachel Glazer - Compass

This transaction showcases the collaboration between Adam Weitsman, owner of Upstate Shredding – Weitsman Recycling, and John Paulson, the seller of the condo. Rachel Glazer from Compass served as the broker for this deal, ensuring a successful transaction. With a sale price of $5,000,000 and a spacious square footage of 6,500, this condo offers a desirable investment opportunity in Lenox Hill.

Players

Rachel Glazer
5 deals$30.2M volume
BROKER

Details

SOLD
IMAGE: John Paulson, Adam Weitsman & Rachel Glazer DATE: 03/17/2022 MARKET: Lenox Hill ASSET TYPE: Condo BUYER: Adam Weitsman - Upstate Shredding – Weitsman Recycling SELLER: John Paulson BROKER: Rachel Glazer - Compass SALE PRICE: $5,000,000 SF: 6,500 ~ PPSF: $769

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61