Jon Bon Jovi Sells West Village Condo For $22M With Broker Leonard Steinberg
SOLD
$22,000,000
New York
See Similar DealsCondo4,000 SF
Sold 02/24/2022
SOLD
Jon Bon Jovi Sells West Village Condo For $22M With Broker Leonard Steinberg
West Village, New York City, New York, United States
See Similar DealsCondo4,000 SF
Sold 02/24/2022
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5,500
Total Square Footage:4,000 SF
Transaction Type:Sale
Jon Bon Jovi recently sold his condo in the West Village for a whopping $22,000,000. The condo, which spans 4,000 square feet, was sold at a price per square foot of $5,500. The transaction took place on February 24, 2022, and the property is located in the desirable West Village market.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $22,000,000
- Square Footage: 4,000
- Price Per Square Foot: $5,500
- Seller: Jon Bon Jovi
- Broker: Leonard Steinberg - Compass
In this high-profile sale, Jon Bon Jovi enlisted the services of Leonard Steinberg from Compass as his broker. Together, they successfully closed the deal, showcasing their expertise in the West Village market. The sale highlights the demand and value of luxury condos in this highly sought-after neighborhood.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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