Constantine Caloganis Acquires Condo At 30 East 29th Street In New York City For $6.1M
SOLD
$6,100,000
New York
See Similar DealsCo-Op1,656 SF
Sold 11/24/2022
SOLD
Constantine Caloganis Acquires Condo At 30 East 29th Street In New York City For $6.1M
30 East 29th Street
See Similar DealsCo-Op1,656 SF
Sold 11/24/2022
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$3,683
Total Square Footage:1,656 SF
Transaction Type:Sale
A condo located at 30 East 29th Street in New York City has been sold in a recent transaction. The property, with a total area of 1,656 square feet, was purchased by Constantine Caloganis. The seller of the condo was Rockefeller Group Development. The deal was facilitated by brokers Alexander Boriskin and Michael Lorber from Douglas Elliman. The transaction price for the condo was $6,100,000, resulting in a price per square foot of $3,684.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,100,000
- Address: 30 East 29th Street
- Market: New York City
Alexander Boriskin and Michael Lorber, representing Douglas Elliman, played crucial roles as brokers in this transaction. Their expertise and negotiation skills helped facilitate the successful purchase of the property by Constantine Caloganis.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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