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Ian Bruce Eichner Sells West Village Condo For $9.2M With Laurie Lewis As The Broker
SOLD
$9,200,000
New York
See Similar DealsCondo5,700 SF
Sold 03/18/2024
SOLD
Ian Bruce Eichner Sells West Village Condo For $9.2M With Laurie Lewis As The Broker
100 Morton Street
See Similar DealsCondo5,700 SF
Sold 03/18/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,614
Total Square Footage:5,700 SF
Transaction Type:Sale
The West Village penthouse located at 100 Morton Street in Manhattan was sold for $9.2 million. Spanning 5,700 square feet, the condo was originally purchased by Ian Bruce Eichner from Mary-Kate and Ashley Olsen in 2010 for $8 million. The property experienced a notable price drop from its initial listing of $25 million.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,200,000
- Address: 100 Morton Street
- Market: West Village, Manhattan
- Seller: Ian Bruce Eichner
- Broker: Laurie Lewis - The Corcoran Group
- SF: 5,700
- PPSF: $1,614
The penthouse at 100 Morton Street was acquired by Ian Bruce Eichner, with Laurie Lewis from The Corcoran Group representing him in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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