facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Condo

/

Sale

/

111 West 57th Street

Adam Modlin Of Modlin Group Represents Buyer In $56M Condo Sale At 111 West 57th Street
SOLDCondo

Adam Modlin Of Modlin Group Represents Buyer In $56M Condo Sale At 111 West 57th Street

111 West 57th Street

$56,000,000

$7,717/SF

Building Size

7,256 SF

Asset Type

Condo

Closing

Mar 24, 2025

AI

The property asset involved in the transaction is a condo located at 111 West 57th Street in Manhattan. It was sold for a price of $56,000,000 and has a total square footage of 7,256 square feet, resulting in a price per square foot of $7,717.

Summary of transaction details:

Adam Modlin, representing the buyer, is affiliated with Modlin Group, while Nikki Field, representing the seller, is with Sotheby's International Realty. These representatives played key roles in facilitating the transaction, ensuring the interests of their respective clients were met during the selling process.

Players

Adam Modlin

Modlin Group

Broker

$1B

vol

30 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93