Robert S Frankel Acquires Condo In Lincoln Square, Manhattan For $40M
25 Columbus Circle, New York City, New York 10019, United States
$40,000,000
Building Size
—
Asset Type
Condo
Closing
Mar 1, 2023
AI
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.
Players
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93