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215 West 28th Street

Eric And Stacy Berg Acquire Chelsea Condo For $5M From HAP Investments
SOLDCondo

Eric And Stacy Berg Acquire Chelsea Condo For $5M From HAP Investments

215 West 28th Street

$5,000,000

$2,705/SF

Building Size

1,848 SF

Asset Type

Condo

Closing

Jul 22, 2022

AI

A condo located at 215 W. 28th St. in Chelsea has been sold for a total of $5,000,000. The property spans 1,848 square feet with a price per square foot of $2,705.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Square Footage: 1,848
  • Price per Square Foot: $2,705
  • Address: 215 W. 28th St.
  • Market: Chelsea

The buyer of the condo is Eric Berg & Stacy Berg, and the seller is HAP Investments. The transaction was facilitated by Neal Klotsman from The Klotsman Team at Douglas Elliman.

Players

Neal Klotsman

Douglas Elliman

Broker

$39.6M

vol

9 deals

Broker
HI
HAP InvestmentsSeller

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93