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34 Gramercy Park East

Beni Metsch Acquires Co-op In Gramercy Park, NYC For $2.15M
SOLDCo-Op

Beni Metsch Acquires Co-op In Gramercy Park, NYC 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

A co-op located at 34 Gramercy Park East in Gramercy Park, New York City has been sold. The property, spanning 1,600 square feet, was sold for $2,150,000. The co-op features an asking price of $2,495,000, resulting in a price per square foot of $1,344.

Summary of transaction details

  • Property Type: Co-op
  • Transaction Amount: $2,150,000
  • Date: 04/27/2023
  • 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
  • Square Footage: 1,600
  • Price per Square Foot: $1,344

The buyer's representative for this transaction was Bernardo "Beni" Metsch, while Lynne Lerner acted as the seller's representative. The seller of the property was Louis R. Hagood.

Players

Bernardo Metsch

Broker

$39.3M

vol

9 deals

Broker

New York 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