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
- 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.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
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