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52000000

Penthouse At 150 Charles Street Sells For $52 Million In Manhattan
SOLDCondo

Penthouse At 150 Charles Street Sells For $52 Million In Manhattan

52000000

$52,000,000

$11,555/SF

Building Size

4,500 SF

Asset Type

Condo

Closing

Jul 11, 2023

AI

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

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.

Players

Deborah Kern

The Corcoran Group

Broker

$445.9M

vol

8 deals

Broker

Steven Witkoff

Witkoff

Seller

$1.3B

vol

11 deals

Seller

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93