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Kiran Mummidichetty & Laura Groppe Acquire Condo At 90 Lexington Ave For $3.95M

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SOLD
$3,950,000

New York

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Condo2,025 SF
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Property Image
SOLD

Kiran Mummidichetty & Laura Groppe Acquire Condo At 90 Lexington Ave For $3.95M

90 Lexington Avenue

See Similar Deals
Condo2,025 SF
Sold
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1950
Total Square Footage:2025 SF
Transaction Type:Sale

Located at 90 Lexington Ave APT 10c in Manhattan, this condo was recently sold for a price of $3,950,000. Spanning 2,025 square feet, the condo was sold at a price per square foot of $1,951.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,950,000
  • Market: Manhattan
  • Asset Type: Condo
  • Buyer's Representative: Kiran Mummidichetty & Laura Groppe - Compass
  • Seller's Representative: Corcoran Sunshine

The sale was facilitated by buyer's representatives Kiran Mummidichetty & Laura Groppe from Compass, and the seller was represented by Corcoran Sunshine.

Players

Kiran Mummidichetty
5 deals$29.8M volume
BROKER

Laura Groppe
Compass
2 deals$7.4M volume
BROKER

Details

SOLD
IMAGE: Kiran Mummidichetty & Laura Groppe DATE: 10/27/2022 ADDRESS: 90 Lexington Ave APT 10c MARKET: Manhattan ASSET TYPE: Condo BUYER'S REP: Kiran Mummidichetty (@KiranSellsNY) & Laura Groppe (@LauraGroppe) - Compass (@Compass) (@CompassNY) SELLER'S REP: Corcoran Sunshine (@CorcoranSunshine) SALE PRICE: $3,950,000 SF: 2,025 ~ PPSF: $1,951

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18