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88 Prince St New York, NY 1...

Compass Brokers Philip Scheinfeld & Sam Dahdal Facilitate $8.9M Co-Op Sale On Prince Street In NYC
SOLDCo-Op

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

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93