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300 West 21st Street, New Y...

Updated Feb 24, 2025

Martin Nussbaum Acquires Apartment In Chelsea, Manhattan For $25.9M
SOLDMultiFamily

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.

Players

Martin Nussbaum

Slate Property Group

Buyer

$2B

vol

28 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $998 per square foot on a published $25.9M for 25,932 square feet (2022).

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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

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