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Landsea Homes Acquires 20 Condo Units On Upper West Side From Congregation Shaare Zedek For $24.5M
SOLD
$24,500,000
New York
See Similar DealsCondo
Sold 06/22/2023
SOLD
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
See Similar DealsCondo
Sold 06/22/2023
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
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.
Players
BUYER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
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