Robert S Frankel Acquires Condo In Lincoln Square, Manhattan For $40M
SOLD
$40,000,000
New York
See Similar DealsCondo
Sold 03/01/2023
SOLD
Robert S Frankel Acquires Condo In Lincoln Square, Manhattan For $40M
25 Columbus Circle, New York City, New York 10019, United States
See Similar DealsCondo
Sold 03/01/2023
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
The property involved in this transaction is a condo located at 25 Columbus Circle in the Lincoln Square neighborhood of Manhattan. It is zoned as C6-6, MID. The property has a lot size of 149,560 square feet, with dimensions measuring 519.03 feet by 492 feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $40,000,000
- Address: 25 Columbus Circle, Lincoln Square, Manhattan
- Zoning: C6-6, MID
- Lot Size: 149,560 square feet
- Lot Dimension: 519.03 ft x 492 ft
Robert S. Frankel purchased the property from Jessica Rizzo. The transaction was recorded on January 3, 2023. The property is classified under Tax Class 2.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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