Martha Stewart's West Village Condo Sold For $31M With Richard Ziegelasch Of The Corcoran Group
$31,000,000
$3,263/SF
Building Size
9,500 SF
Asset Type
Condo
Closing
Jul 20, 2023
AI
Martha Stewart's West Village triplex, previously owned by her daughter Alexis, has been sold for $31 million. The luxurious 9,500-square-foot condo features 600 square feet of outdoor space, sweeping Hudson River views, and a walk-in refrigerator. It is located in the West Village market and has a price per square foot of $3,263.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $31,000,000
- Square Footage: 9,500
- Market: West Village
- Seller: Martha Stewart
- Seller's Broker: Richard Ziegelasch - The Corcoran Group
The deal involves Martha Stewart as the seller of the property. Richard Ziegelasch from The Corcoran Group served as Martha Stewart's broker in the transaction. The sale price of $31 million is significantly lower than the initial asking price of $53 million. This transaction marks the successful sale of Martha Stewart's triplex in the West Village market.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93