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.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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