Benjamin Hoffman Purchases Condo At 350 W 42nd Street From Omar Osei For $1,280,000
350 W 42nd Street 11l
$1,280,000
Building Size
—
Asset Type
Condo
Closing
Aug 22, 2019
About this deal
AI
The asset involved in the transaction is a condo located at 350 W 42nd Street 11L in New York, NY. The property was sold for a total price of $1,280,000.00.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,280,000.00
- Buyer: Benjamin Hoffman
- Seller: Omar Osei
- Brokers: Alexander Boriskin - Douglas Elliman
In this transaction, Benjamin Hoffman acquired the property from seller Omar Osei, with the brokerage representation provided by Alexander Boriskin from Douglas Elliman, who facilitated the deal.
On the Map
$1,280,000
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93