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136 Baxter Street

Lindsey Adelman Purchases Condo From Norman Reedus In Chinatown For $5.4M
SOLDCondo

Lindsey Adelman Purchases Condo From Norman Reedus In Chinatown For $5.4M

136 Baxter Street

$5,400,000

$2,076/SF

Building Size

2,600 SF

Asset Type

Condo

Closing

Feb 26, 2025

AI

Norman Reedus has sold a condo located at 136 Baxter Street in the Chinatown market for $5,400,000. The property, with a total square footage of 2,600, was acquired by Reedus in 2013 for $3,800,000, reflecting a significant appreciation in value over the years. The price per square foot for this sale is calculated at $2,077.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,400,000
  • Buyer: Lindsey Adelman
  • Seller: Norman Reedus
  • Address: 136 Baxter Street
  • Market: Chinatown
  • Square Footage: 2,600
  • Price per Square Foot: $2,077

This transaction features Lindsey Adelman as the buyer, acquiring the condo from Norman Reedus, the seller. Their engagement in this deal marks a notable transfer of property within the competitive real estate environment of Chinatown.

Players

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

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93