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55 Prince St, New York, NY ...

John Legend & Chrissy Teigen Sell Nolita Duplex For $18M With Brokers Noble Black & Jennifer Stillman
SOLDOther

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

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

John Legend

Seller

$63.4M

vol

6 deals

Seller

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