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157 West 57th Street

William Raveis Real Estate, The Corcoran Group Facilitate $13.4M Condo Sale On West 57th Street
SOLDCondo

William Raveis Real Estate, The Corcoran Group Facilitate $13.4M Condo Sale On West 57th Street

157 West 57th Street

$13,400,000

$4,151/SF

Building Size

3,228 SF

Asset Type

Condo

Closing

Feb 2, 2023

AI

The property involved in this transaction is a condo located at 157 West 57th Street in New York City. The sale price for this property was $13,400,000. It has a total square footage of 3,228, resulting in a price per square foot of $4,151.

Summary of transation details

Denae Montesi, Matthew M. Bachrad, and Danielle Stern from William Raveis Real Estate represented the buyers on this deal. Carrie Chiang and Andres Perea-Garzon from The Corcoran Group were the sellers' representatives.

Players

Carrie Chiang

The Corcoran Group

Broker

$276.8M

vol

10 deals

Broker

Market 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93