Joe Jonas Sells Nolita Condo For $5.36M With Adam Modlin As Seller's Rep
199 Mott Street
$5,360,000
$1,843/SF
Building Size
2,907 SF
Asset Type
Condo
Closing
Mar 14, 2024
About this deal
AI
The property involved in the transaction is a Condo located at 199 Mott Street in Nolita, Manhattan. The condo was sold by Joe Jonas for $5,360,000, with a size of 2,907 square feet and a price per square foot of $1,844.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,360,000
- Address: 199 Mott Street
- Market: Nolita, Manhattan
- Seller: Joe Jonas
- Buyer's Rep: Carl Gambino, Les Meyers & Reilly Adler - Compass
- Seller's Rep: Adam Modlin - Modlin Group
The deal's key individuals and companies involved in the transaction were Carl Gambino, Les Meyers, and Reilly Adler from Compass, representing the buyers, along with Adam Modlin from Modlin Group, who represented the seller, Joe Jonas.
On the Map
$5,360,000
$1,843/SF
Condo
View full map
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $1.8K per square foot on a published $5.4M for 2,907 square feet (2024).
Visit Carl Gambino to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93