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
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