Economic Growth Group Acquires Property At 207 W 25th St New York For $10.8M With Brokers Corey Abdo And David Toran
207 W 25th St, New York, NY, 10001
$10,800,000
$811/SF
Building Size
13,307 SF
Asset Type
Condo
Closing
May 3, 2023
AI
The property asset involved in the transaction is located at 207 W 25th St, New York, NY, 10001. The closing price for this asset was $10,800,000.00, and the total square footage of the property is 13,307. The transaction occurred within the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $10,800,000.00
- Square Footage: 13,307
- Address: 207 W 25th St, New York, NY, 10001
- Market: New York
- Buyer: Economic Growth Group
- Buyer’s Representative: Corey Abdo-Lee & Associates, David Toran-Coldwell Banker Commercial Alliance
The deal was facilitated by the representatives, Corey Abdo-Lee & Associates and David Toran from Coldwell Banker Commercial Alliance, who acted on behalf of the buyer, Economic Growth Group. This transaction highlights the involvement of multiple parties skilled in commercial real estate dealings.
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93