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Michael Altman & Shira Altman Acquire Condo At 212 Warren St., Battery Park City For $5.3M

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SOLD
$5,335,000

New York

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SOLD

Michael Altman & Shira Altman Acquire Condo At 212 Warren St., Battery Park City For $5.3M

212 Warren Street

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Condo2 SF
Sold
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$2667500
Total Square Footage:2 SF
Transaction Type:Sale

Located at 212 Warren St. in Battery Park City, this Condo was recently sold for a price of $5,335,000. The property offers 2,595 square feet of space, resulting in a price per square foot of $2,055. The transaction took place on 03/21/2022.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $5,335,000
  • Address: 212 Warren St., Battery Park City
  • Square Footage: 2,595
  • Price per Square Foot: $2,055

The buyer of this property is Michael Altman and Shira Altman, while the sellers are Matthew Rader and Stephanie Rader. The buyer was represented by Morris Saadiyayev from We R New York, and the seller was represented by Brian Cushman, also from We R New York.

Players

Morris Saadiyayev
15 deals$47.2M volume
BROKER

Brian Cushman
R New York
11 deals$41M volume(212) 688-1000
BROKER

Details

SOLD
IMAGE: Morris Saadiyayev & Brian Cushman DATE: 03/21/2022 ADDRESS: 212 Warren St., MARKET: Battery Park City ASSET TYPE: Condo BUYER: Michael Altman & Shira Altman SELLER: Matthew Rader & Stephanie Rader BUYER’S REP: Morris Saadiyayev (@MorrisNYC) - We R New York SELLER’S REP: Brian Cushman - We R New York SALE PRICE: $5,335,000 SF: 2,595 ~ PPSF: $2,055

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$284,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,954.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,290.62
Annual Debt Service$303,487.46