Landsea Homes Acquires 20 Condo Units On Upper West Side From Congregation Shaare Zedek For $24.5M
212 West 93rd Street New York, New York 10025, USA
$24,500,000
Building Size
—
Asset Type
Condo
Closing
Jun 22, 2023
AI
Landsea Homes has purchased 20 residential condominium units at 212 West 93rd Street in Manhattan's Upper West Side for $24.5 million. The seller of these units is Congregation Shaare Zedek.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,500,000
- Address: 212 West 93rd Street
- Market: Upper West Side
The buyer, Landsea Homes, represented by Qin Zhou, acquired these 20 condo units from the seller, Congregation Shaare Zedek, as part of a closed transaction. Each unit was sold at an average price of $1,255,000.
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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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93