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John Legend & Chrissy Teigen Sell Nolita Duplex For $18M With Douglas Elliman Brokers

Property Image
SOLD
$18,000,000
Corinne "Cory" Cahlon
Noble Black
+ 4

New York

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Sold 04/25/2022
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Property Image
SOLD

John Legend & Chrissy Teigen Sell Nolita Duplex For $18M With Douglas Elliman Brokers

Nolita, New York City, New York, United States

See Similar Deals
Other
Sold 04/25/2022
Corinne "Cory" Cahlon
Noble Black
+ 4
Contact now

Summary

NEW YORK
Asset Type:Other
Transaction Type:Sale

Located in the vibrant neighborhood of Nolita, this recently sold duplex property is making waves in the market. Owned by power couple John Legend and Chrissy Teigen, the property showcases luxury and elegance. With a spacious interior covering approximately 6,000 square feet, this duplex offers ample living space for its new owners. The sale price for this remarkable property was set at $18,000,000, resulting in a price per square foot of $3,000.

Summary of Transaction Details:

  • Property Type: Duplex
  • Transaction Amount: $18,000,000
  • Neighborhood: Nolita
  • Square Footage: 6,000

The deal was facilitated by the esteemed team at Douglas Elliman, including brokers Noble Black, Jennifer Stillman, David Son, and Cory Cahlon. Their expertise and extensive network played a key role in the successful transaction. With their guidance, John Legend and Chrissy Teigen were able to secure a lucrative deal for their remarkable duplex property.

Players

Jennifer "Jenny" Kaufman Stillman
3 deals$43.6M volume
BROKER

Kane Manera
The Corcoran Group
6 deals$102.4M volume
BROKER

Noble Black
The Corcoran Group
7 deals$130.7M volume(347) 526-3308
BROKER

David Son
Douglas Elliman
2 deals$34.8M volume
BROKER

Corinne "Cory" Cahlon
Douglas Elliman
1 deal$18M volume
BROKER


5 deals$63.4M volume
SELLER

Details

SOLD
IMAGE: Noble Black, Jennifer Stillman, Chrissy Teigen, John Legend, David Son & Cory Cahlon DATE: 04/25/2022 MARKET: Nolita ASSET TYPE: Duplex SELLER: John Legend & Chrissy Teigen BROKERS: Noble Black, Jennifer Stillman, David Son & Cory Cahlon - Douglas Elliman SALE PRICE: $18,000,000 SF: 6,000 ~ PPSF: $3,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20