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Joe Jonas Sells Nolita Condo For $5.36M With Adam Modlin As Seller's Rep
SOLD
$5,360,000
+ 1
New York
See Similar DealsCondo2,907 SF
Sold
SOLD
Joe Jonas Sells Nolita Condo For $5.36M With Adam Modlin As Seller's Rep
199 Mott Street
See Similar DealsCondo2,907 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1843
Total Square Footage:2907 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,042.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,409.13
Annual Debt Service$304,909.61
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