facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

217 West 57th Street, New Y...

Extell Development Sells Condo At 217 West 57th Street In Midtown For $43M. Triplemint Represents Buyer
SOLD

Extell Development Sells Condo At 217 West 57th Street In Midtown For $43M. Triplemint Represents Buyer

217 West 57th Street, New York City, New York 10019, United States

$43,000,000

$17,241/SF

Building Size

2,494 SF

Asset Type

Closing

Aug 7, 2022

AI

Located at 217 West 57th Street in Midtown, this condo property was recently sold in a closed transaction. The property, consisting of 7,000 square feet, was sold for a total price of $43,000,000, resulting in a price per square foot of $6,142. The seller of this property was Extell Development, represented by Gary Barnett, while the buyer was represented by James Michael Angelo from Triplemint.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $43,000,000
  • Address: 217 West 57th Street
  • Market: Midtown

Gary Barnett, the developer of the property under Extell Development, was responsible for selling this condo unit. James Michael Angelo from Triplemint acted as the buyer's representative in this deal. The transaction took place on 08/08/2022.

Players

Sarah Williams

Societe Real Estate

Broker

$118.6M

vol

8 deals

Broker
Gary Barnett

Gary Barnett

EXTELL

Seller

$8.3B

vol

59 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93