Greg Cowan Acquires Resi Co-op In Chelsea From Jerrie Butler For $1.55M
SOLD
$1,550,000
New York
See Similar DealsMixed-use1,100 SF
Sold 02/22/2021
SOLD
Greg Cowan Acquires Resi Co-op In Chelsea From Jerrie Butler For $1.55M
250 W 21st St, Manhattan, New York, NY, USA
See Similar DealsMixed-use1,100 SF
Sold 02/22/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,409
Total Square Footage:1,100 SF
Transaction Type:Sale
The residential co-op located at 250 W. 21st St., Apt. 1/2 in Chelsea has been sold. The property features 1,100 square feet of space. The transaction took place on 02/22/2021.
Summary of transaction details:
- Property Type: Residential co-op
- Transaction Amount: $1,550,000
- Market: Chelsea
The buyer, Greg Cowan, acquired the property from the seller, Jerrie Butler, for a sale price of $1,550,000. The property was listed by brokers Edward Poplawski and Daniel Machover. The asking price for the co-op was $1,625,000, and it was sold at a price per square foot of $1,409.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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