Updated Nov 24, 2023
James And Cynthia Braniff Acquire Condo In New York City For $6.5M
1295 Madison Avenue
$6,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 15, 2023
About this deal
AI
The property asset involved in this transaction is a condo located at 1295 Madison Avenue, New York City. The sale took place on 03/15/2023. The property spans a total area of 2,379 square feet. The sale price for this condo was $6,500,000, resulting in a price per square foot of $2,732.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: 1295 Madison Avenue, New York City
- Market: New York City
- Buyer: James And Cynthia Braniff
- Seller: Wales
No additional information about the brokers involved in this transaction was provided.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93