Bradley & Colleen Bell Acquire Carnegie Hill Co-op For $11M
Carnegie Hill, New York City, New York, United States
$11,000,000
Building Size
—
Asset Type
Other
Closing
Apr 20, 2022
About this deal
AI
The recently closed property transaction in Carnegie Hill involved a Co-op unit sold by the Estate of Luciano Berti. The property was purchased by Bradley & Colleen Bell, the Director of the California Film Commission, for a price of $11,000,000.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $11,000,000
- Buyer: Bradley & Colleen Bell - Director of the California Film Commission
- Seller: Estate of Luciano Berti
- Broker: Daniela Kunen - DouglasElliman
Daniela Kunen from DouglasElliman represented the buyer, Bradley & Colleen Bell, throughout the transaction. As the Director of the California Film Commission, Bell's purchase of this Co-op unit demonstrates their interest in the real estate market in Carnegie Hill.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93