William Raveis Real Estate, The Corcoran Group Facilitate $13.4M Condo Sale On West 57th Street
SOLD
New York
See Similar DealsCondo3,228 SF
Sold 02/02/2023
SOLD
William Raveis Real Estate, The Corcoran Group Facilitate $13.4M Condo Sale On West 57th Street
157 West 57th Street
See Similar DealsCondo3,228 SF
Sold 02/02/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$4,151
Total Square Footage:3,228 SF
Transaction Type:Sale
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
- Property Type: Condo
- Transaction Amount: $13,400,000
- Address: 157 West 57th Street, New York City
- Market: New York City
- Buyer's Representative: Denae Montesi, Matthew M. Bachrad, and Danielle Stern - William Raveis Real Estate
- Seller's Representative: Carrie Chiang and Andres Perea-Garzon - The Corcoran Group
- Note: @Manhattanagent and @yourluxurylisting represented the buyers on this transaction.
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$714,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,607.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,522.84
Annual Debt Service$762,274.04
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