Sky Space LLC Purchases Condo From Rosie O'Donnell In Midtown East For $3.25M
255 East 49th Street
$3,250,000
$961/SF
Building Size
3,381 SF
Asset Type
Condo
Closing
May 5, 2025
About this deal
AI
The property asset involved in this transaction is a condo located at 255 East 49th Street in Midtown East. The sale price for the condo was $3,250,000, with a total square footage of 3,381 and a price per square foot of $961.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,250,000
- Buyer: Sky Space LLC
- Seller: Rosie O'Donnell
- Market: Midtown East
- Sale Date: 05/05/2025
Sky Space LLC acquired the property from Rosie O'Donnell, who experienced a $3.25 million loss from her original purchase price of $8 million in 2017. This transaction reflects a significant change in ownership for the seller.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93