Ben Haymes (Buyer's Rep) Acquires West Chelsea Condo For $4.5M
555 West 22nd Street, New York City, New York 10011, United States
$4,496,168
$4,496,168/SF
Building Size
1 SF
Asset Type
Condo
Closing
Mar 10, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 555 West 22nd Street, 5D in the West Chelsea market. The condo spans approximately 1,976 square feet and was sold for a price of $4,496,168, resulting in a price per square foot of $2,275.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,496,168
- Date: 10/03/2022
- Market: West Chelsea
- Buyer's Representative: Ben Haymes - Brown Harris Stevens
- Seller's Representative: Shaun Osher - Core Real Estate Group
The buyer's representative in this transaction was Ben Haymes from Brown Harris Stevens, while the seller's representative was Shaun Osher from Core Real Estate Group.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93