Xiaodong Liu And Hong Yu Purchase Condo From Kieran Fitzgerald For $9.6 Million In SoHo
45 Greene Street
$9,600,000
$3,310/SF
Building Size
2,900 SF
Asset Type
Condo
Closing
Aug 15, 2024
About this deal
AI
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.
On the Map
$9,600,000
$3,310/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.3K per square foot on a published $9.6M for 2,900 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93