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100 Morton Street

Ian Bruce Eichner Sells West Village Condo For $9.2M With Laurie Lewis As The Broker
SOLDCondo

Ian Bruce Eichner Sells West Village Condo For $9.2M With Laurie Lewis As The Broker

100 Morton Street

$9,200,000

$1,614/SF

Building Size

5,700 SF

Asset Type

Condo

Closing

Mar 18, 2024

AI

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.

Players

Laurie Lewis

The Corcoran Group

Broker

$19.2M

vol

2 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93