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50 West 47th Street

Cengiz Beskir Sells Condo In Midtown Manhattan For $2.2 Million With Richard Nassimi As The Broker
SOLDCondo

Cengiz Beskir Sells Condo In Midtown Manhattan For $2.2 Million With Richard Nassimi As The Broker

50 West 47th Street

$2,200,000

$1,227/SF

Building Size

1,793 SF

Asset Type

Condo

Closing

Jul 10, 2024

AI

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.

Players

Richard Nassimi

Douglas Elliman

Broker

$56.4M

vol

34 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93