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121 East 22nd Street, New Y...

Douglas Elliman Brokers Sell Gramercy Resi Condo For $6.31M
SOLDMixed-use

Douglas Elliman Brokers Sell Gramercy Resi Condo For $6.31M

121 East 22nd Street, New York, NY 10010

$6,310,000

$2,710/SF

Building Size

2,328 SF

Asset Type

Mixed-use

Closing

Mar 26, 2020

AI

The property involved in this sale is a residential condo located at 121 E. 22nd St. in the Gramercy neighborhood. The transaction took place on March 26, 2021. The developer and seller of the property is Toll Brothers. The condo has a total area of 2,328 square feet, with a price per square foot of $2,710. The asking price for the condo was $7,100,000, and it was sold for $6,310,000.

Summary of transation details

  • Property Type: Resi Condo
  • Transaction Amount: $6,310,000
  • Square Footage: 2,328
  • Asking Price: $7,100,000
  • Price per Square Foot: $2,710

The brokers involved in this sale were Jared Halpern, Michael Lorber, and Alexander Boriskin, representing Douglas Elliman. The buyer's information has not been disclosed.

Players

Michael Lorber

Douglas Elliman

Broker

$262.5M

vol

38 deals

Broker
Toll Brothers
Toll BrothersSeller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.51%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93