Gabriel Harvey Acquires Condo At 15 Central Park West In Manhattan For $28M
15 Central Park West, New York City, New York 10023, United States
$28,000,000
$40,287/SF
Building Size
695 SF
Asset Type
Condo
Closing
Aug 18, 2022
About this deal
AI
The property involved in this transaction is a condo located at 15 Central Park West in the Lincoln Square neighborhood of Manhattan. The asset has a total square footage of 695,946 square feet and a price of $28,000,000. The price per square foot is $40, and the building's total floor area ratio (FAR) is 12.02. The property is zoned as C4-7 and falls under tax class 2. The lot size is 57,899 square feet, with dimensions measuring 232.31 ft x 346.64 ft. The last recorded sale for this property took place on December 11, 2007, with a price of $15,273,750.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $28,000,000
- Buyer: Gabriel Harvey
- Seller: William Kourakos
- BSF (Building Square Footage): 578,990
- Price per BSF: $48
- Price per Square Foot (PPSF): $40
Gabriel Harvey acted as the buyer in this transaction, represented by their broker. The seller, William Kourakos, also had their own representative in the deal.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $40.3K per square foot on a published $28M for 695 square feet (2022).
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93