William Serham Signs Lease For Condo At 252 East 57th Street For $34,995 Monthly
252 East 57th Street
$160
$160/SF
Building Size
26,210 SF
Asset Type
Condo
Closing
Jul 14, 2026
AI
The property involved in this lease transaction is a condo located at 252 East 57th Street in Midtown Manhattan, covering a total square footage of 26,210. The monthly rent for this lease is $34,995, structured as a Single Net Lease.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $34,995 monthly
- Landlord: Sam Woods
- Tenant: William Serham
- Landlord's Representative: Alexander Boriskin & Michael Lorber - Douglas Elliman
- Landlord's Attorney: Sandor Krauss - Krauss Legal
This transaction features key individuals including Landlord Sam Woods and Tenant William Serham, both of whom play significant roles in the agreement. The landlord is represented by Alexander Boriskin and Michael Lorber from Douglas Elliman. Legal representation for the landlord is provided by Sandor Krauss from Krauss Legal.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93