Eric And Stacy Berg Acquire Chelsea Condo For $5M From HAP Investments
SOLD
$5,000,000
New York
See Similar DealsCondo1,848 SF
Sold 07/22/2022
SOLD
Eric And Stacy Berg Acquire Chelsea Condo For $5M From HAP Investments
215 West 28th Street
See Similar DealsCondo1,848 SF
Sold 07/22/2022
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,705
Total Square Footage:1,848 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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