Updated Feb 24, 2025
Martin Nussbaum Acquires Apartment In Chelsea, Manhattan For $25.9M
300 West 21st Street, New York City, New York 10011, United States
$25,893,395
$998/SF
Building Size
25,932 SF
Asset Type
MultiFamily
Closing
Jul 10, 2022
About this deal
AI
The property involved in the transaction is an apartment located at 300 West 21st Street in Chelsea, Manhattan. The apartment has a total square footage of 25,932 and a price per square foot of $998. The transaction took place on July 11, 2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $25,893,395
- Address: 300 West 21st Street
- Market: Chelsea, Manhattan
- Zoning: C1-6A
The buyer in this transaction was Martin Nussbaum and the seller was David Orstein.
The multifamily sale at 300 West 21st Street, New York City, New York 10011, United States in New York, New York sold for $25.9M in 2022. The building is 25,932 square feet, implying about 998 per square foot on the published price. Named participants on the 300 West 21st Street, New York City, New York 10011, United States sale are Martin Nussbaum. This page is the New York, New York file for the 300 West 21st Street, New York City, New York 10011, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 300 West 21st Street, New York City, New York 10011, United States around 2022. Published consideration for 300 West 21st Street, New York City, New York 10011, United States is $25.9M, dated 2022. Cite this Martin Nussbaum Acquires Apartment In Chelsea, Manhattan For $25.9M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93