John Legend & Chrissy Teigen Sell Nolita Duplex For $18M With Brokers Noble Black & Jennifer Stillman
55 Prince St, New York, NY 10012, USA
$4,100,000
$1,078/SF
Building Size
3,800 SF
Asset Type
Other
Closing
Sep 15, 2020
AI
The duplex property located in Nolita has been sold in a closed transaction. The property was sold by John Legend and Chrissy Teigen. The deal was facilitated by brokers Noble Black, Jennifer Stillman, David Son, and Cory Cahlon from Douglas Elliman. The sale price for the property was $18,000,000. The property spans an area of 6,000 square feet, resulting in a price per square foot of $3,000.
Summary of transaction details
- Property Type: Duplex
- Transaction Amount: $18,000,000
- Market: Nolita
- Seller: John Legend & Chrissy Teigen
- Brokers: Noble Black, Jennifer Stillman, David Son & Cory Cahlon - Douglas Elliman
- Square Footage: 6,000
- Price per Square Foot: $3,000
The sale of this duplex property in Nolita was made possible by the collaborative efforts of brokers Noble Black, Jennifer Stillman, David Son, and Cory Cahlon from Douglas Elliman. Their expertise and negotiation skills played a crucial role in ensuring a successful transaction. The sale price of $18,000,000 reflects the desirability and value of this property, which spans an expansive 6,000 square feet.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93