Douglas Elliman Brokers Sell Residential Condo On 157 West 57th Street For $11.5M
SOLD
$11,500,000
New York
See Similar Deals3,466 SF
Sold 01/11/21
SOLD
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
See Similar Deals3,466 SF
Sold 01/11/21
Summary
NEW YORK
Price Per Square Foot:$3,317
Total Square Footage:3,466 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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