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
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
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