Updated Dec 18, 2023
Peter Bergman, Vera Buettner & Kostia Bergman Acquire Commercial Property In Chelsea, Manhattan For $4.4M
224 West 20th Street, New York City, New York 10011, United States
$4,400,000
$2,552/SF
Building Size
1,724 SF
Asset Type
Commercial
Closing
Apr 7, 2022
About this deal
AI
The commercial property located at 224 West 20th Street in Chelsea, Manhattan was recently sold in a closed transaction. The property has a total square footage of 1,724 and was sold at a price of $4,400,000, resulting in a price per square foot of $2,552. The lot size of the property is 2,300, with dimensions measuring 25 feet by 87.25 feet. Previous alterations were made to the property in August 2008, as indicated by the permits.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $4,400,000
- Square Footage: 1,724
- Price per Square Foot: $2,552
- Lot Size: 2,300
- Permits: Alteration 2 (08/01/2008)
- Lot Dimension: 25 ft x 87.25 ft
The buyers involved in this transaction are Peter Bergman, Vera Buettner, and Kostia Bergman. They represented themselves in the deal as the buyer's representatives.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93