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39 East 29th Street

Compass Brokers Sell Condo At 39 East 29th Street In New York City For $4.7M
SOLDCondo

Compass Brokers Sell Condo At 39 East 29th Street In New York City For $4.7M

39 East 29th Street

$4,725,000

$2,282/SF

Building Size

2,070 SF

Asset Type

Condo

Closing

Feb 28, 2023

AI

A luxury condo located at 39 East 29th Street in New York City has been sold in a recent transaction. The property spans an area of 2,070 square feet and was sold at a price of $4,725,000, resulting in a price per square foot of $2,283.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,725,000
  • Address: 39 East 29th Street
  • Market: New York City

The buyer of the property is Timothy R. Mullen. Representing the buyer in the deal was Isabelle Solmonson Cohen from Runyon Group. On the other side, the seller was represented by Jeffrey Rowe, Peter Browne, and Lyndsey Casagrande from Compass.

This sale marks another successful transaction in the vibrant New York City real estate market, showcasing the demand for luxury condos in prime locations.

Players

Jeffrey Rowe

Compass

Broker

$4.7M

vol

1 deal

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.36%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93