Richard Nassimi Of Douglas Elliman Sells Lincoln Square Condo For $1.325M
SOLD
$1,325,000
New York
See Similar DealsCondo1,100 SF
Sold 06/24/2025
SOLD
Richard Nassimi Of Douglas Elliman Sells Lincoln Square Condo For $1.325M
30 West 61st Street
See Similar DealsCondo1,100 SF
Sold 06/24/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,204
Total Square Footage:1,100 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 30 West 61st Street in the Lincoln Square market. The sale price of the condo was $1,325,000. It comprises 1,100 square feet, resulting in a price per square foot of $1,204.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,325,000
- Sale Date: 6/24/2025
- Seller: Richard Nassimi
- Seller's Agent: Richard Nassimi - Douglas Elliman
The transaction was conducted with Richard Nassimi representing himself as the seller through Douglas Elliman, highlighting the involvement of established real estate professionals in the deal. The focus on a single party in the representation speaks to the straightforward nature of the transaction in this market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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