Assouline Team Acquires Gramercy Park Condo For $16.5M
SOLD
$16,500,000
New York
See Similar DealsCondo4,207 SF
Sold 09/13/2022
SOLD
Assouline Team Acquires Gramercy Park Condo For $16.5M
18 Gramercy Park South
See Similar DealsCondo4,207 SF
Sold 09/13/2022
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,922
Total Square Footage:4,207 SF
Transaction Type:Sale
A luxury condo unit located at 18 Gramercy Park South #10 in the Gramercy Park market has been sold in a recent transaction. The transaction, which took place on September 13, 2022, involved the sale of the condominium.
Summary of transaction details
- Property Type: Condo
- Sale Price: $16,500,000
- Square Footage: 4,207 SF
- Price Per Square Foot: $3,922
- Address: 18 Gramercy Park South #10
- Market: Gramercy Park
The buyer's representatives in this transaction were Ruthie Assouline & Ethan Assouline from the Assouline Team. They played a crucial role in facilitating the sale of the luxury condo unit.
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Details
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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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