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
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