facebook
Traded Co logo
Submit

Fiyyaz Pirani Acquires Condo From JDS Development In Manhattan For $21.5M

Property Image
SOLD
$21,500,000
Nikki Field
Emma Perry
+ 3

New York

See Similar Deals
Condo4,492 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Fiyyaz Pirani Acquires Condo From JDS Development In Manhattan For $21.5M

111 West 57th Street

See Similar Deals
Condo4,492 SF
Sold
Nikki Field
Emma Perry
+ 3
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$4,786
Total Square Footage:4,492 SF
Transaction Type:Sale

The property asset involved in the transaction is a condo located at 111 West 57th Street in Manhattan. It was sold for $21,500,000, encompassing a total of 4,492 square feet. The price per square foot is recorded at $4,786.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $21,500,000
  • Square Footage: 4,492
  • Price Per Square Foot: $4,786
  • Buyer: Fiyyaz Pirani
  • Seller: JDS Development
  • Buyer's Representative: Neil Zaken & Emma Perry - Compass
  • Seller's Representatives: Nikki Field, Ben Pofcher, Emma Burakovsky & Jeanne Bucknam - Sotheby's International Realty
  • Date of Sale: 6/24/2025

The deal involved notable representatives, with the buyer's interests managed by Neil Zaken and Emma Perry from Compass. The seller, JDS Development, had representation from a team at Sotheby's International Realty, including Nikki Field, Ben Pofcher, Emma Burakovsky, and Jeanne Bucknam.

Players

Nikki Field
9 deals$529.8M volume
BROKER

Neil Zaken
Compass
5 deals$31.1M volume
BROKER

Emma Perry
Compass
1 deal$21.5M volume(585) 313-7878
BROKER

Benjamin (Ben) Pofcher
Sotheby's International Realty
1 deal$21.5M volume(617) 851-8487
BROKER

Emma Burakovsky
Sotheby's International Realty
1 deal$21.5M volume(972) 370-0101
BROKER

Jeanne Bucknam
Sotheby's International Realty
1 deal$21.5M volume(212) 729-8501
BROKER

Sotheby's International Realty
BROKERAGE

Compass
BROKERAGE

Details

SOLD
IMAGE: Neil Zaken & Emma Perry DATE: 6/24/2025 ADDRESS: 111 West 57th Street MARKET: Manhattan ASSET TYPE: Condo BUYER: Fiyyaz Pirani SELLER: JDS Development (@JDSDevelopmentGroup) BUYER'S REP: Neil Zaken (@NeilZaken) & Emma Perry (@EmmaP3rry) - Compass (@Compass) SELLER'S REP: Nikki Field (@NikkiField), Ben Pofcher (@BPof), Emma Burakovsky (@Emma.Burakovsky) & Jeanne Bucknam (@Jeanne.H.Bucknam) - Sotheby's International Realty SALE PRICE: $21,500,000 SF: 4,492 ~ PPSF: $4,786 NOTE FROM BUYER'S REP: If you want the best white glove service and exceptional results, Contact The Zaken Team.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,146,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63