Compass Brokers Philip Scheinfeld & Sam Dahdal Facilitate $8.9M Co-Op Sale On Prince Street In NYC
88 Prince St New York, NY 10012, USA
$8,900,000
$1,977/SF
Building Size
4,500 SF
Asset Type
Co-Op
Closing
May 16, 2023
AI
The co-op unit located at 88 Prince Street, apartment PH-BC, in New York City has been sold for a price of $8,900,000. This property spans approximately 4,500 square feet, resulting in a price per square foot of $1,978. The sale was facilitated by brokers Philip Scheinfeld and Sam Dahdal from Compass.
Summary of transaction details
- Property Type: Co-Op
- Transaction Amount: $8,900,000
- Size: 4,500 square feet
- Price per Square Foot: $1,978
- Address: 88 Prince Street apt PH-BC
- Market: New York City
Philip Scheinfeld and Sam Dahdal, representing Compass, played integral roles in the successful completion of this sale.
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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93