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:
- Property Type: Condo
- Transaction Amount: $56,000,000
- Address: 111 West 57th Street
- Market: Manhattan
- Square Footage: 7,256
- Price Per Square Foot: $7,717
- Buyer's Representative: Adam Modlin - Modlin Group
- Seller's Representative: Nikki Field - Sotheby's International Realty
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
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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