facebook
Traded Co logo
Submit

Ian Bruce Eichner Sells Penthouse In Flatiron To Asian Buyer For $45M

Property Image
SOLD
$45,000,000

New York

See Similar Deals
Other130,000 SF
Sold 02/21/2020
the dealplayerscompscontact
Property Image
SOLD

Ian Bruce Eichner Sells Penthouse In Flatiron To Asian Buyer For $45M

45 E 22nd St, New York, NY 10010, USA

See Similar Deals
Other130,000 SF
Sold 02/21/2020
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$346
Total Square Footage:130,000 SF
Transaction Type:Sale

The penthouse at 45 East 22nd Street in the Flatiron district has been sold for $45,000,000. This luxurious property spans 13,000 square feet, offering ample space and comfort. With a price per square foot of $3,461, this penthouse stands as a prime example of upscale living in the bustling Flatiron market.

Summary of transaction details:

  • Property Type: Penthouse
  • Transaction Amount: $45,000,000
  • Square Footage: 13,000 sqft
  • Price Per Square Foot: $3,461
  • Address: 45 East 22nd Street
  • Market: Flatiron

The seller of this prestigious penthouse was Ian Bruce Eichner, represented by Noble Black and the Holly Parker Team from Douglas Elliman. The buyer's representative was the Corcoran Group. The buyer, an Asian individual, has yet to be determined, adding an air of excitement to this high-profile transaction.

Players

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

Ian Bruce Eichner
7 deals$241M volume
SELLER

Ian Bruce Eichner
7 deals$241M volume
SELLER

Details

SOLD
IMAGE: @NobleBlack1, Ian Bruce Eichner & Holly Parker DATE: 02/21/2020 ADDRESS: 45 East 22nd Street HANDLE: @MadisonSquareParkTower MARKET: Flatiron ASSET TYPE: Penthouse PRICE: $45,000,000 SF: 13,000 PPSF: $3,461 SELLER: Ian Bruce Eichner SELLER’S REP: Noble Black & @TheHollyParkerTeam @DouglasElliman BUYER’S REP: @TheCorcoranGroup BUYER: Asian Buyer ( TBD )

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,400,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50