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34 Gramercy Park East

Bernardo Beni Metsch Acquires Co-op In Gramercy Park, New York City For $2.15M
SOLDCo-Op

Bernardo Beni Metsch Acquires Co-op In Gramercy Park, New York City For $2.15M

34 Gramercy Park East

$2,150,000

$1,343/SF

Building Size

1,600 SF

Asset Type

Co-Op

Closing

Apr 27, 2023

AI

Located at 34 Gramercy Park East in Gramercy Park, New York City, this co-op property was recently sold in a closed transaction. The property spans 1,600 square feet and was sold at a price of $2,150,000, resulting in a price per square foot of $1,344.

Summary of transaction details

  • Property Type: Co-op
  • Transaction Amount: $2,150,000
  • Square Footage: 1,600
  • Address: 34 Gramercy Park East, Gramercy Park, New York City
  • Buyer's Representative: Bernardo "Beni" Metsch
  • Seller's Representative: Lynne Lerner
  • Seller: Louis R. Hagood
  • Asking Price: $2,495,000
  • Price per Square Foot: $1,344

Bernardo "Beni" Metsch represented the buyer, while Lynne Lerner acted as the seller's representative in this transaction.

Players

Louis R. Hagood

Seller

$4.3M

vol

2 deals

Seller

Market Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93