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Martha Stewart sells West V...

Martha Stewart's West Village Condo Sold For $31M With Richard Ziegelasch Of The Corcoran Group
SOLDCondo

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:

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

Richard Ziegelasch

The Corcoran Group

Broker

$120.3M

vol

4 deals

Broker

Martha Stewart

Seller

$39.4M

vol

3 deals

Seller

Market 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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93