JDS Development Sells Condo In West Chelsea For $12.8M
SOLD
$12,759,500
New York
See Similar DealsCondo4,328 SF
Sold 11/05/2022
SOLD
JDS Development Sells Condo In West Chelsea For $12.8M
514 West 24th Street
See Similar DealsCondo4,328 SF
Sold 11/05/2022
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,948
Total Square Footage:4,328 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$680,506.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,331.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,486.54
Annual Debt Service$725,838.48
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