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Xiaodong Liu And Hong Yu Purchase Condo From Kieran Fitzgerald For $9.6 Million In SoHo

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SOLD
$9,600,000

New York

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Condo2,900 SF
Sold 08/15/2024
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SOLD

Xiaodong Liu And Hong Yu Purchase Condo From Kieran Fitzgerald For $9.6 Million In SoHo

45 Greene Street

See Similar Deals
Condo2,900 SF
Sold 08/15/2024
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,310
Total Square Footage:2,900 SF
Transaction Type:Sale

The property asset involved in this transaction is a condo located at 45 Greene Street in SoHo. The sale price for the condo is $9,600,000, and it features a total square footage of 2,900, resulting in a price per square foot of $3,310.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $9,600,000
  • Address: 45 Greene Street
  • Market: SoHo
  • Square Footage: 2,900
  • Price per Square Foot: $3,310
  • Buyer: Xiaodong Liu & Hong Yu
  • Seller: Kieran Fitzgerald
  • Broker: Andy Klaric - Serhant

Key individuals involved in the transaction include buyers Xiaodong Liu and Hong Yu, who are noted as Chinese artists. The seller of the property is Kieran Fitzgerald, while the deal was facilitated by broker Andy Klaric representing Serhant. The buyers previously acquired an apartment in New York City during the Covid-19 pandemic before this transaction.

Players

Andy Klaric
2 deals$10.1M volume(954) 330-3154
BROKER

Details

SOLD
IMAGE: Andy Klaric DATE: 08/15/2024 ADDRESS: 45 Greene Street MARKET: SoHo ASSET TYPE: Condo BUYER: Xiaodong Liu & Hong Yu SELLER: Kieran Fitzgerald BROKER: Andy Klaric (@AndyKlaric) - Serhant (@Serhant) SALE PRICE: $9,600,000 SF: 2,900 ~ PPSF: $3,310 NOTE: Chinese artists Xiaodong Liu and Hong Yu, who first bought an apartment in New York City during the Covid-19 pandemic, have now purchased a $9.6 million penthouse at 45 Greene St., SoHo.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
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