Cengiz Beskir Sells Condo In Midtown Manhattan For $2.2 Million With Richard Nassimi As The Broker
SOLD
$2,200,000
New York
See Similar DealsCondo1,793 SF
Sold 07/10/2024
SOLD
Cengiz Beskir Sells Condo In Midtown Manhattan For $2.2 Million With Richard Nassimi As The Broker
50 West 47th Street
See Similar DealsCondo1,793 SF
Sold 07/10/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,227
Total Square Footage:1,793 SF
Transaction Type:Sale
The property asset involved in the transaction is a condo located at 50 West 47th Street in Midtown, Manhattan. The sale price of the asset was $2,200,000, with a total square footage of 1,793 and a price per square foot of $1,227.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,200,000
- Address: 50 West 47th Street
- Market: Midtown, Manhattan
- Seller: Cengiz Beskir
- Broker: Richard Nassimi - The Nassimi Team
The key individuals involved in the deal include seller Cengiz Beskir, who was responsible for the property's sale, and broker Richard Nassimi representing The Nassimi Team, facilitating the transaction process for the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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