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
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