Scott Segal Acquires Condo In NoLIta, Manhattan For $17.29M
224 Mulberry Street, New York City, New York 10012, United States
$17,290,000
$4,156/SF
Building Size
4,160 SF
Asset Type
Condo
Closing
Apr 17, 2023
About this deal
AI
The property involved in this closed transaction is a condo located at 224 Mulberry Street in the NoLIta neighborhood of Manhattan. The property has a total square footage of 4,160, with a price per square foot of $4,156. The transaction took place on 12/29/2021, and the buyer was Scott Segal, while the seller was Ilyse Dolgenas. The property is zoned as C6-2, LI, and falls under tax class 2. The lot size is 7,429 square feet, with dimensions of 75.17 ft x 98.67 ft. The property's floor area ratio (FAR) is 4.09. Its last recorded sale was on 04/24/2015 for a price of $12,109,500.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,290,000
- Zoning: C6-2, LI
- Buyer: Scott Segal
- Seller: Ilyse Dolgenas
- Price per Square Foot: $4,156
- Square Footage: 4,160
- Tax Class: 2
- Lot Size: 7,429 square feet
- Last Sale Price: $12,109,500 (04/24/2015)
- Lot Dimension: 75.17 ft x 98.67 ft
It is important to note the significant increase in the property's sale price from its last recorded sale in 2015, showcasing its value appreciation over time.
On the Map
$17,290,000
$4,156/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.2K per square foot on a published $17.3M for 4,160 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93