SOLD
Jonathan Cheban Sells NoMad Condo For $2.5M With Neal Klotsman As The Broker
NoMad, Manhattan, New York, NY, USA
$2,500,000
$1,550/SF
Building Size
1,612 SF
Asset Type
—
Closing
Nov 10, 2021
AI
Neal Klotsman and Jonathan Cheban recently closed a condo sale in the NoMad market. The property, spanning 1,612 square feet, was sold at a price of $2,500,000, resulting in a price per square foot of $1,550.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,500,000
- Square Footage: 1,612
- Price per Square Foot: $1,550
Jonathan Cheban served as the seller in this transaction, while Neal Klotsman of Douglas Elliman represented him as his broker.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93