Douglas Elliman Brokers Sell Residential Condo On 157 West 57th Street For $11.5M
157 West 57th Street, New York City, New York 10019, United States
$11,500,000
$3,317/SF
Building Size
3,466 SF
Asset Type
—
Closing
Jan 11, 1921
About this deal
AI
On December 21, a residential condo located at 157 West 57th Street in Midtown, New York City, was sold for a price of $11,500,000. The property, featuring luxurious amenities, is a prime example of upscale city living.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $11,500,000
- Address: 157 West 57th Street, Midtown, New York City
The sale of this remarkable residential condo was facilitated by brokers Marc Riedel, Tal Alexander, and Oren Alexander from the Alexander Team at Douglas Elliman. Their expertise and negotiation skills played a crucial role in ensuring a successful transaction.
On the Map
$11,500,000
$3,317/SF
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Players
New York CRE Market Snapshot
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Deal FAQ
About $3.3K per square foot on a published $11.5M for 3,466 square feet.
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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