facebook
Traded Co logo
Submit

Economic Growth Group Acquires Property At 207 W 25th St New York For $10.8M With Brokers Corey Abdo And David Toran

Property Image
SOLD
$10,800,000
Corey Abdo
David Toran

New York

See Similar Deals
Condo13,307 SF
Sold 05/03/2023
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Condo13,307 SF
Sold 05/03/2023
Corey Abdo
David Toran
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$811
Total Square Footage:13,307 SF
Transaction Type:Sale

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

Corey Abdo
Lee & Associates
Corey Abdo
3 deals$10.8M volume(646) 723-4704
BROKER
David Toran
JG² Companies
David Toran
1 deal$10.8M volume(646) 397-3251
BROKER

Details

SOLD
IMAGE: 207 W 25th St, New York, NY, 10001 MARKET: New York BUYER'S REP: Corey Abdo-Lee & Associates, David Toran-Coldwell Banker Commercial Alliance BUYER: Economic Growth Group SELLER: PRICE: $10,800,000.00 SF: 13307

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$576,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12