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

Property Image
SOLD
$13,400,000
Matthew M. Bachrad
Andres Perea-Garzon
+ 2

New York

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Condo3,228 SF
Sold 02/02/2023
the dealplayerscompscontact
Property Image
SOLD

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

157 West 57th Street

See Similar Deals
Condo3,228 SF
Sold 02/02/2023
Matthew M. Bachrad
Andres Perea-Garzon
+ 2
Contact now

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

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
10 deals$276.8M volume
BROKER

Andres Perea-Garzon
The Corcoran Group
7 deals$194.3M volume
BROKER

Matthew M. Bachrad
William Raveis Real Estate
13 deals$51.4M volume
BROKER

Danielle Stern
William Raveis Real Estate
12 deals$49.9M volume
BROKER

Denae Montesi
William Raveis Real Estate
1 deal$13.4M volume(347) 371-0573
BROKER

Details

SOLD
IMAGE: Matthew M. Bachrad, Danielle Stern, Denae Montesi, Andres Perea-Garzon & Carrie Chiang DATE: 02/02/2023 ADDRESS: 157 West 57th Street MARKET: New York City ASSET TYPE: Condo BUYER'S REP: Denae Montesi (@ManhattanAgent), Matthew M. Bachrad (@YourLuxuryListing) & Danielle Stern - William Raveis Real Estate SELLER'S REP: Carrie Chiang (@CarrieChiangNYC) & Andres Perea-Garzon (@Andres_PereaGarzon) - The Corcoran Group SALE PRICE: $13,400,000 SF: 3,228 ~ PPSF: $4,151 NOTE FROM BROKER: @Manhattanagent and @yourluxurylisting represented the buyers on this transaction. For any of your Real Estate needs from Boca Raton to Palm Beach please contact @yourluxurylisting // For any of your Real Estate needs in New York Please contact @Manhattanagent

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Deal Type
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