Anne Mahlum Acquires Nolita Condo Penthouse For $8.35M
Nolita, New York City
$8,350,000
$2,009/SF
Building Size
4,156 SF
Asset Type
Condo
Closing
May 24, 2023
About this deal
AI
Anne Mahlum, the founder of Solidcore, a Pilates workout studio chain, has purchased a triplex penthouse in Nolita for $8.35 million. The 4,156-square-foot condo, located at 260 Bowery in the popular Nolita market, offers a spacious living space for its new owner. The penthouse features four bedrooms, four baths, and 1,174 square feet of outdoor space in a boutique condo building designed by Morris Adjmi Architects.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,350,000
- Square Feet: 4,156
- Price per Square Foot: $2,009
Anne Mahlum's acquisition of this triplex penthouse showcases her strategic investment plans. As the founder of Solidcore, she brings her expertise in the fitness industry to this real estate purchase. The location in Nolita further solidifies the potential of this property as a lucrative investment.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $2K per square foot on a published $8.4M for 4,156 square feet (2023).
Visit Anne Mahlum to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93