JDS Development Sells Condo In West Chelsea For $12.8M
514 West 24th Street
$12,759,500
$2,948/SF
Building Size
4,328 SF
Asset Type
Condo
Closing
Nov 5, 2022
AI
A condo located at 514 W. 24th St., West Chelsea was recently sold in a closed transaction. The property, owned by JDS Development and represented by Michael Stern, was sold for a total of $12,759,500. The condo spans 4,328 square feet and was sold at a price per square foot of $2,948.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,759,500
- Address: 514 W. 24th St., West Chelsea
- Square Footage: 4,328
- Price per Square Foot: $2,948
The sale of this condo was facilitated by Catherine Juracich from Douglas Elliman, who represented the seller, Michael Stern of JDS Development. The transaction took place on 05/11/2022.
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93