Andrew Kontzamanis Acquires Condo At 212 West 18th Street In Chelsea For $21M
212 West 18th Street
$21,000,000
$4,422/SF
Building Size
4,748 SF
Asset Type
Condo
Closing
Feb 16, 2021
About this deal
AI
A condo located at 212 West 18th Street in Chelsea has been sold in a recent transaction. The property, with a size of 4,748 square feet, was purchased by Andrew Kontzamanis from seller Michael Stern for a price of $21,000,000. This equates to a price per square foot of $4,423. The previous sale of the condo took place on September 12, 2014, for a price of $16,012,500.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $21,000,000
- Size: 4,748 square feet
- Price per Square Foot: $4,423
- Zoning: C6-2A
Andrew Kontzamanis, represented by his broker, and Michael Stern were the key individuals involved in the sale of this condo. The transaction took place on February 17, 2021. The property is situated in the Chelsea market. The zoning classification for the area is C6-2A.
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.4K per square foot on a published $21M for 4,748 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93