Nancy Jacobs Acquires Co-Op At 77 East 12th Street From Thomas Sullivan For $2,395,000
77 East 12th Street #19e
$2,395,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 12, 2022
About this deal
AI
This transaction involved a co-op located at 77 East 12th Street, New York, NY, with a sale price of $2,395,000.00. The property is categorized as a co-op, which is a type of residential building where residents own shares in a corporation that owns the property rather than owning their units outright.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $2,395,000.00
- Buyer: Nancy Jacobs
- Seller: Thomas Sullivan
- Brokers: Alexander Boriskin - Douglas Elliman
The deal was facilitated by Alexander Boriskin of Douglas Elliman, representing the parties involved. This relationship reflects the collaborative nature of real estate transactions, as brokers play a critical role in negotiating and closing deals between buyers and sellers.
On the Map
$2,395,000
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
6.62%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93