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29 Beekman Pl, New York, NY...

Ashraf Pahlavi Sells Sutton Place Townhouse For $11.5M
SOLDOther

Ashraf Pahlavi Sells Sutton Place Townhouse For $11.5M

29 Beekman Pl, New York, NY 10022, USA

$11,500,000

$938/SF

Building Size

12,260 SF

Asset Type

Other

Closing

Aug 4, 2020

AI

A townhouse located at 29 Beekman Place in Sutton Place has been sold in a recent transaction. The property, listed for sale by Ashraf Pahlavi, was purchased for $11,500,000. The townhouse spans approximately 12,260 square feet, resulting in a price per square foot of $938.

Summary of transaction details

  • Property Type: Townhouse
  • Transaction Amount: $11,500,000
  • Address: 29 Beekman Place
  • Market: Sutton Place

The deal was facilitated by brokers Greg Corbin and Aaron Jungreis from Rosewood Realty Group, along with Charlie Attias from the Compass. Additional information about the buyer is undisclosed.

It is worth noting that the asking price for the townhouse was $11,450,000, and it has been on the market for an unspecified amount of time before the sale.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93