Oren Alexander & Tal Alexander Acquire Full Floor Residential Condo In Midtown East For $35.5M
157 West 57th Street, New York, NY, USA
$12,700,000
$2,038/SF
Building Size
6,230 SF
Asset Type
—
Closing
Aug 2, 2021
AI
Oren Alexander & Tal Alexander have closed on a full-floor residential condo located at 157 West 57th Street in Midtown East. The sale took place on September 23, 2021, for a price of $35,500,000. The condo spans 6,230 square feet, resulting in a price per square foot of $5,698.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $35,500,000
- Address: 157 West 57th Street
- Market: Midtown East
Oren Alexander & Tal Alexander, represented by the Alexander Team at Douglas Elliman, acted as the buyer's representatives in this transaction. Janice Chang, Joe Peraino, and John Lawrence, also from Douglas Elliman, served as the seller's representatives.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93