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240 E 46th St #7e New York,...

Efthymios Loannidis Acquires Condo In New York City For $481,000
SOLDCondo

Efthymios Loannidis Acquires Condo In New York City For $481,000

240 E 46th St #7e New York, NY 10017, USA

$481,000

$1,131/SF

Building Size

425 SF

Asset Type

Condo

Closing

May 22, 2023

AI

A condo located at 240 East 46th Street in New York City has been sold in a recent transaction. The property spans 425 square feet and was sold for a price of $481,000, resulting in a price per square foot of $1,132.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $481,000
  • Address: 240 East 46th Street, New York City

The buyer of the condo is Efthymios Loannidis, while the seller is Avital Vecselberg. The deal was facilitated by Benjamin Mayell and Ashley Rosado from Mayell Real Estate, who represented the respective parties in the transaction.

Overall, this transaction involved the sale of a condo located at 240 East 46th Street in New York City. Efthymios Loannidis purchased the property from Avital Vecselberg for $481,000. Benjamin Mayell and Ashley Rosado from Mayell Real Estate played a key role as the brokers representing the buyer and seller, respectively.

Players

Benjamin Mayell

Mayell Real Estate

Broker

$30.3M

vol

18 deals

Broker

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

32.98%

Cash-on-Cash

-9.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93