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Annie Leibovitz Purchases West Village Condo From Helen Marden For $16.5M
SOLD
$16,500,000
New York
See Similar DealsCondo4,700 SF
Sold 05/20/2025
SOLD
Annie Leibovitz Purchases West Village Condo From Helen Marden For $16.5M
495 West Street
See Similar DealsCondo4,700 SF
Sold 05/20/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,510
Total Square Footage:4,700 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 495 West Street in the West Village market. The sale price of the condo is $16,500,000, with a total square footage of 4,700 and a price per square foot of $3,511.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,500,000
- Buyer: Annie Leibovitz
- Seller: Helen Marden
- Sale Date: 05/20/2025
- Market: West Village
- Square Footage: 4,700
- Price Per Square Foot: $3,511
The deal features photographer Annie Leibovitz as the buyer, acquiring this larger unit to replace a smaller unit previously utilized as a studio, which was purchased for $8,000,000. Helen Marden is the seller of the property involved in this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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