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633 3rd Ave, New York, NY, ...

Government Of Uruguay Acquires Condo At 633 3rd Ave, New York For $7M
SOLDCondo

Government Of Uruguay Acquires Condo At 633 3rd Ave, New York For $7M

633 3rd Ave, New York, NY, 10017

$7,000,000

$875/SF

Building Size

8,000 SF

Asset Type

Condo

Closing

Jul 20, 2018

AI

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.

Players

Mark Toubin

Cresa

Broker

$7M

vol

3 deals

Broker
CL
Comm5 Setai LLCSeller

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93