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Lindsey Adelman Purchases Condo From Norman Reedus In Chinatown For $5.4M
SOLD
$5,400,000
New York
See Similar DealsCondo2,600 SF
Sold 02/26/2025
SOLD
Lindsey Adelman Purchases Condo From Norman Reedus In Chinatown For $5.4M
136 Baxter Street
See Similar DealsCondo2,600 SF
Sold 02/26/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,076
Total Square Footage:2,600 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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