Government Of Uruguay Acquires Condo At 633 3rd Ave, New York For $7M
SOLD
$7,000,000
New York
See Similar DealsCondo8,000 SF
Sold 07/20/2018
SOLD
Government Of Uruguay Acquires Condo At 633 3rd Ave, New York For $7M
633 3rd Ave, New York, NY, 10017
See Similar DealsCondo8,000 SF
Sold 07/20/2018
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$875
Total Square Footage:8,000 SF
Transaction Type:Sale
The property involved in the transaction is a Condo located at 633 3rd Ave, New York, NY, 10017. The sale took place on 07/20/2018, with the Government of Uruguay purchasing the property from Comm5 Setai LLC for $7,000,000.00. The Condo spans across 8000 square feet in the New York market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,000,000.00
- Buyer: Government of Uruguay
- Buyer's Representative: Mark Toubin (Cresa)
- Seller: Comm5 Setai LLC
- Address: 633 3rd Ave, New York, NY, 10017
- Market: New York
- Square Footage: 8000
The deal's key individuals include Mark Toubin from Cresa, who represented the buyer, the Government of Uruguay, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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