Douglas Elliman And Corcoran Brokers Facilitate $5.85M Sale Of Union Square Residential Condo
7 East 17th Street, Manhattan, New York, NY, USA
$5,850,000
$2,074/SF
Building Size
2,820 SF
Asset Type
Co-Op
Closing
Jun 18, 2020
About this deal
AI
The residential condo located at 7 East 17th Street, Unit 8S, (AKA PHA) in the Union Square market has been sold. The property, spanning 2,820 square feet, was part of a closed transaction on June 18, 2021. The seller of the unit was the Robert L Freeman - JR Revocable Trust.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $5,850,000
- Asking Price: $5,800,000
- Square Footage: 2,820
- Price per Square Foot: $2,074
- Seller: Robert L Freeman - JR Revocable Trust
- Purchaser's Counsel: Steven Parilis - Parilis and Associates, PLLC
- Seller's Brokers: Sarah Padron - Douglas Elliman, Samara Heafitz - Corcoran
Sarah Padron of Douglas Elliman and Samara Heafitz of Corcoran were the brokers representing the seller in this transaction. Steven Parilis, from Parilis and Associates, PLLC, provided legal counsel to the purchaser.
On the Map
$5,850,000
$2,074/SF
Co-Op
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Players
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93