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Euisin Chung Of Hyundai Purchases Condo At 15 Central Park West For $16.5 Million
SOLD
$16,500,000
New York
See Similar DealsCondo2,800 SF
Sold 12/05/2024
SOLD
Euisin Chung Of Hyundai Purchases Condo At 15 Central Park West For $16.5 Million
15 Central Park West
See Similar DealsCondo2,800 SF
Sold 12/05/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5,892
Total Square Footage:2,800 SF
Transaction Type:Sale
A condo located at 15 Central Park West was sold for $16,500,000. The property boasts a total area of 2,800 square feet. It is situated in the Lincoln Square market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,500,000
- Square Footage: 2,800
- Price per Square Foot: $5,893
- Buyer: Euisin Chung - Hyundai
- Seller: Piofrancesco Borghetti - Anacod Real Estate LLC
- Broker: Kyle Blackmon - Compass
Euisin Chung, the executive chairman of Hyundai, purchased the property from Piofrancesco Borghetti, whose company is Anacod Real Estate LLC. The transaction was facilitated by broker Kyle Blackmon of Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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