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157 West 57th Street

Richard Nassimi And Tiana Taylor Represent Landlord In Lease Of Midtown Manhattan Condo At 157 West 57th Street
LEASEDCondo

Richard Nassimi And Tiana Taylor Represent Landlord In Lease Of Midtown Manhattan Condo At 157 West 57th Street

157 West 57th Street

$25,000

$25,000/SF

Building Size

2,009 SF

Asset Type

Condo

Closing

Dec 21, 2025

AI

The property asset involved in the transaction is a condo located at 157 West 57th Street in Midtown Manhattan. The asking rent is $150 per square foot for a total area of 2,009 square feet, resulting in a monthly rent of $25,000. The lease term is set for 1 year under a single net lease type.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $25,000 monthly rent
  • Address: 157 West 57th Street
  • Market: Midtown Manhattan
  • Asking Rent: $150/ft
  • Square Footage: 2,009
  • Lease Term: 1 Year
  • Lease Type: Single Net Lease

The deal involves the landlord's representatives Richard Nassimi and Tiana Taylor, who played key roles in this lease transaction.

Players

Richard Nassimi

Douglas Elliman

Broker

$56.4M

vol

34 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

634.52%

Cash-on-Cash

-181.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93