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
About this deal
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
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $5M for 1,848 square feet (2022).
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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