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Megan Madden Acquires Condo At 555 West 22nd Street, Chelsea For $12M&
SOLD
$12,068,583
New York
See Similar DealsCondo2,305 SF
Sold 01/04/2024
SOLD
Megan Madden Acquires Condo At 555 West 22nd Street, Chelsea For $12M&
Condo2,305 SF
Sold 01/04/2024
Summary
Asset Type:Condo
Price Per Square Foot:$5,235
Total Square Footage:2,305 SF
Transaction Type:Sale
In Chelsea, Manhattan, a condo located at 555 West 22nd Street has been sold for $12,068,583. The property spans 2,305 square feet with a price per square foot of $5,236.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,068,583
- Buyer: Megan Madden
- Seller: Adam Braunschweiger
- Address: 555 West 22nd Street, Chelsea, Manhattan
- Price per Square Foot: $5,236
The buyer of the condo at 555 West 22nd Street was Megan Madden, while the seller was Adam Braunschweiger.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$643,657.76
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,877.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,211.24
Annual Debt Service$686,534.89
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