Charles Stiefel Sells Residential Condo On West 56th Street In Midtown For $4.5M With Richard Nassimi - The Nassimi Group
230 West 56th Street, Manhattan, New York, NY, USA
$4,500,000
$2,386/SF
Building Size
1,886 SF
Asset Type
—
Closing
Jun 23, 2020
About this deal
AI
Located at 230 West 56th Street in Midtown, this residential condo was recently sold in a closed transaction. The property spans 1,886 square feet and boasts a price per square foot of $2,386. The seller, Charles Stiefel, listed the property with an asking price of $5,200,000. Ultimately, the property was sold for $4,500,000.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $4,500,000
- Address: 230 West 56th Street
- Market: Midtown
- Square Footage: 1,886
- Price per Square Foot: $2,386
- Seller: Charles Stiefel
- Broker: Richard Nassimi - The Nassimi Group
Richard Nassimi from The Nassimi Group represented Charles Stiefel in the sale of this residential condo at 230 West 56th Street. The deal closed on June 23, 2021, making it a successful transaction in the Midtown market.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $4.5M for 1,886 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93