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58 West 58th Street, New Yo...

Gregg Reuben Acquires Condo On 58 West 58th Street In Central Midtown, Manhattan For $6.2M
SOLD

Gregg Reuben Acquires Condo On 58 West 58th Street In Central Midtown, Manhattan For $6.2M

58 West 58th Street, New York City, New York 10019, United States

$6,200,000

$31/SF

Building Size

198,899 SF

Asset Type

Closing

May 12, 2022

AI

The property asset involved in this transaction is a condo located at 58 West 58th Street in Central Midtown, Manhattan. The sale took place on May 13, 2022. The property has a total square footage of 198,899 and was sold for a price of $6,200,000, resulting in a price per square foot of $31. The building's BSF (Building Square Footage) is 170,290, with a price per BSF of $36. The FAR (Floor Area Ratio) is 11.68. The property's lot dimensions measure 100 feet by 200.83 feet. The property went through an alteration permit on October 6, 2020.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $6,200,000
  • Market: Central Midtown, Manhattan

The buyer in this transaction is Gregg Reuben and the seller is Michael Muss.

Players

Gregg Reuben

Centerpark

Buyer

$20.5M

vol

3 deals

Buyer

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93