Speed Post Condo Sold For $26.5M In Midtown Manhattan
111 W 57th St
$26,500,000
$5,828/SF
Building Size
4,547 SF
Asset Type
Condo
Closing
Aug 25, 2023
About this deal
AI
The Speed Post property located at 111 W. 57th St. in Midtown has been sold in a closed transaction. This condominium unit features a total area of 4,492 square feet. The sale price for the property was $26,500,000, resulting in a price per square foot of $5,899.
Summary of transaction details:
- Property Type: Condo
- Sale Price: $26,500,000
- Square Footage: 4,492
- Price Per Square Foot: $5,899
- Address: 111 W. 57th St.
- Market: Midtown
The sale of the Speed Post condo was facilitated by the Chestler Jacobs Team from Douglas Elliman, represented by Jessica Chestler and Ben Jacobs. They acted as the brokers for the transaction.
On the Map
$26,500,000
$5,828/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $5.8K per square foot on a published $26.5M for 4,547 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93