Leland Swanson Acquires Condo At 157 West 57 Street From Gary Barnett - Extell Development Company For $39.3M
157 West 57th Street, Manhattan, New York, NY, USA
$39,300,000
$6,304/SF
Building Size
6,234 SF
Asset Type
—
Closing
Dec 1, 2021
About this deal
AI
A condominium located at 157 West 57 Street in Midtown has been sold in a recent transaction. The property, situated within the C5-3, C5-1, C6-6, MID zoning districts, offers a total square footage of 6,234. The sale price for this condo was $39,300,000, translating to a price per square foot of $6,304. The transaction took place on 12/02/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $39,300,000
- Address: 157 West 57 Street, Midtown
- Zoning: C5-3, C5-1, C6-6, MID
The buyer in this transaction is Leland Swanson. The seller is Gary Barnett, representing the Extell Development Company. The property has a Floor Area Ratio (FAR) of 29.51 and falls under tax class 2. Its lot size spans over 23,808 square feet, with dimensions of 159 ft x 100 ft. These unique details shed light on the individuals and companies involved in the deal, emphasizing their roles in the transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $6.3K per square foot on a published $39.3M for 6,234 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93