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.
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