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
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