David Feldman Sells Condo In New York City For $14.2M
47 Vernon Boulevard, Queens, New York 11101, United States
$14,243,000
$1,582,555/SF
Building Size
9 SF
Asset Type
Condo
Closing
Apr 17, 2023
About this deal
AI
A record-breaking deal has taken place in Long Island City - Hunters Point, as a stunning 15-unit 4-story condominium has been sold. The property, located at 47-01 Vernon Boulevard, is a highly sought-after condo in New York City's real estate market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,243,000
- Square Footage: 9,232
- Price per Square Foot: $1,543
- Address: 47-01 Vernon Boulevard, New York City
- Market: New York City
The seller of this remarkable condo is David Feldman, who successfully closed the deal. The sale price for the property was an impressive $14,243,000, translating to a price per square foot of $1,543. This transaction showcases the demand and value of condominiums in the Long Island City - Hunters Point area.
For more information on similar properties or to discuss new developments, interested parties can contact Stelios Hiotis, the representative of this deal, at 646-341-0404 or through his Instagram account @hiotisstelios. Stay tuned for upcoming developments in the Queens area.
Players
Long Island City Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6M per square foot on a published $14.2M for 9 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93