Hines, Goldman Sachs & Pontiac Land Group Sell Midtown West Residential Condo For $29.9M
53 West 53, 53 W 53rd St, New York, NY 10019, USA
$29,939,550
$686/SF
Building Size
43,620 SF
Asset Type
—
Closing
Aug 30, 2020
About this deal
AI
Located at 53 W 53rd Street in Midtown West, this residential condo was recently sold in a closed transaction. The property spans 4,362 square feet and has a price per square foot of $6,863, resulting in a total sale price of $29,939,550. The asset was sold by Hines, Goldman Sachs, and Pontiac Land Group.
Summary of transation details
- Property Type: Residential Condo
- Transaction Amount: $29,939,550
- Address: 53 W 53rd Street, Midtown West
- Square Footage: 4,362
- Price per Square Foot: $6,863
The deal was facilitated by the brokerage firm @CorcoranSunshine, representing the buyer. Unfortunately, no further details about the buyer are available at this time.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93