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Penthouse At 150 Charles Street Sells For $52 Million In Manhattan
SOLD
$52,000,000
New York
See Similar DealsCondo4,500 SF
Sold 07/11/2023
SOLD
Penthouse At 150 Charles Street Sells For $52 Million In Manhattan
52000000
See Similar DealsCondo4,500 SF
Sold 07/11/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$11,555
Total Square Footage:4,500 SF
Transaction Type:Sale
A penthouse located at 150 Charles Street in Manhattan has been sold for a staggering $52 million. This luxurious condo spans an impressive 4,500 square feet, offering ample space for its new owner.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $52,000,000
- Address: 150 Charles Street
- Market: Manhattan
- Seller: Steve Witkoff
- Brokers: Richard Ziegelasch & Deborah Kern - The Corcoran Group
- SF: 4,500
- PPSF: $11,556
This remarkable sale was facilitated by Richard Ziegelasch and Deborah Kern, who represented Steve Witkoff in the transaction. The Corcoran Group, the agency they belong to, played an instrumental role in ensuring the successful sale of this prestigious penthouse property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,773,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35
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