Compass Representative Acquires Residential Condo In West Chelsea For $12M
515 West 18th Street
$12,000,000
$3,237/SF
Building Size
3,707 SF
Asset Type
Condo
Closing
Aug 13, 2021
About this deal
AI
A residential condo located at 515 West 18th Street in West Chelsea was recently sold for a total of $12,000,000. The condo spans 3,707 square feet, resulting in a price per square foot of $3,237. The sale of this property was facilitated by Clarence Onyiriuka from Compass.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $12,000,000
- Address: 515 West 18th Street
- Market: West Chelsea
- Buyer's Representative: Clarence Onyiriuka - Compass
- Square Footage: 3,707
- Price Per Square Foot: $3,237
Clarence Onyiriuka from Compass played a crucial role as the buyer's representative in this transaction. Their expertise and negotiation skills contributed to the successful sale of this residential condo in West Chelsea.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.2K per square foot on a published $12M for 3,707 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93