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72 Mercer Street

Aysegul Demir & Alexa Polachi Galligan Sell Soho Condo For $10.2M
SOLDCondo

Aysegul Demir & Alexa Polachi Galligan Sell Soho Condo For $10.2M

72 Mercer Street

$10,225,000

$2,509/SF

Building Size

4,075 SF

Asset Type

Condo

Closing

Jun 21, 2022

AI

A luxury condo located at 72 Mercer Street in Soho has been sold in a recent transaction. The property spans 4,075 square feet and is classified as a condo. The sale took place on June 21, 2022, with a selling price of $10,225,000. This translates to a price per square foot of $2,509.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $10,225,000
  • Square Footage: 4,075
  • Address: 72 Mercer Street, Soho

The seller's representatives in this deal were Aysegul Demir and Alexa Polachi Galligan, who work for Douglas Elliman Real Estate. They played a crucial role in facilitating the transaction and ensuring its success.

Players

Aysegul Demir

Douglas Elliman

Broker

$42.7M

vol

3 deals

Broker

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

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93