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157 West 57th Street, New Y...

Oren Alexander & Tal Alexander Acquire Full Floor Residential Condo In Midtown East For $35.5M
SOLD

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

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

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