Updated Oct 25, 2024
Parag Sawhney Acquires Apartment In Chelsea, Manhattan For $9.9M
135 West 24th Street, New York City, New York 10011, United States
$9,900,000
$785/SF
Building Size
12,607 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
An apartment in Chelsea, Manhattan has been sold at a price of $9,900,000. The property, located at 135 West 24th Street, covers a total area of 12,607 square feet, with a price per square foot of $785. The buyer of this apartment is Parag Sawhney, while the seller is Alvaro Jinete. The transaction took place on March 3, 2022.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $9,900,000
- Address: 135 West 24th Street
- Market: Chelsea, Manhattan
- Square Footage: 12,607
- Price per Square Foot: $785
The property has a building square footage (BSF) of 29,250 and a price per building square footage (PPBSF) of $338. It has a floor area ratio (FAR) of 4.31. The tax class for this property is 2. The lot size is 2,925 square feet, with dimensions of 25 feet by 116.42 feet. A permit for alteration was granted on February 24, 2020.
Players
New York 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93