Euisin Chung Of Hyundai Purchases Condo At 15 Central Park West For $16.5 Million
15 Central Park West
$16,500,000
$5,892/SF
Building Size
2,800 SF
Asset Type
Condo
Closing
Dec 5, 2024
AI
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.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93