Ryan Cotton Acquires Condo At 53 West 53rd Street For $15.65M
53 West 53rd Street, Manhattan, New York, NY, USA
$15,650,000
$4,069/SF
Building Size
3,846 SF
Asset Type
—
Closing
Jul 6, 2021
About this deal
AI
Located at 53 West 53rd Street in Midtown, this condo in New York City was recently sold in a closed transaction. The property features a prime location in the heart of Midtown and offers a luxurious living experience.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $15,650,000
- Address: 53 West 53rd Street, Midtown
Ryan Cotton has acquired this prestigious condo from the sellers, Hines & Pontiac Land. The deal was facilitated by Shari Scharfer Rollins from Douglas Elliman, who represented the buyer in this transaction.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $15.7M for 3,846 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93