Jonathan Cheban Sells NoMad Condo For $2.5M With Neal Klotsman As The Broker
SOLD
$2,500,000
New York
See Similar Deals1,612 SF
Sold 11/10/2021
SOLD
Jonathan Cheban Sells NoMad Condo For $2.5M With Neal Klotsman As The Broker
NoMad, Manhattan, New York, NY, USA
See Similar Deals1,612 SF
Sold 11/10/2021
Summary
NEW YORK
Price Per Square Foot:$1,550
Total Square Footage:1,612 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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