S. Michael Musa-Obregon Acquires Co-op In Midtown East, Manhattan For $530K
315 East 56th Street, New York City, New York 10022, United States
$530,000
Building Size
—
Asset Type
Other
Closing
Feb 22, 2022
AI
A co-op located at 315 East 56th Street in Midtown East, Manhattan has been sold for a total of $530,000. The transaction took place on February 23, 2022. The property was acquired by S. Michael Musa-Obregon.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $530,000
- Address: 315 East 56th Street, Midtown East, Manhattan
Fabiano Proa from Triplemint represented the buyer, S. Michael Musa-Obregon, while Steve Dawson from Compass acted as the seller's representative.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
29.93%
Cash-on-Cash
-8.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93