Compass Brokers Sell Condo At 39 East 29th Street In New York City For $4.7M
SOLD
$4,725,000
+ 1
New York
See Similar DealsCondo2,070 SF
Sold 02/28/2023
SOLD
Compass Brokers Sell Condo At 39 East 29th Street In New York City For $4.7M
39 East 29th Street
See Similar DealsCondo2,070 SF
Sold 02/28/2023
+ 1
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,282
Total Square Footage:2,070 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$252,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,786.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,398.91
Annual Debt Service$268,786.93
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