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157 West 57th Street

Robert Herjavec Sells Manhattan Condo At One57 For $38.8M With Compass Agent
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Robert Herjavec Sells Manhattan Condo At One57 For $38.8M With Compass Agent

157 West 57th Street

$38,800,000

$6,258/SF

Building Size

6,200 SF

Asset Type

Condo

Closing

Jul 8, 2024

AI

Located at 157 West 57th Street in Manhattan, the condominium at One57 was sold by seller Robert Herjavec for $38.8 million. Spanning 6,200 square feet, the condo was purchased by Herjavec in 2021 at a discounted price of $34.5 million.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $38,800,000
  • Address: 157 West 57th Street
  • Market: Manhattan
  • Seller: Robert Herjavec
  • Broker: Jorge Lopez - Compass
  • SF: 6,200
  • PPSF: $6,258

Shark Tank star Robert Herjavec enlisted the services of broker Jorge Lopez from Compass for the successful sale of his Manhattan condominium at One57. The transaction marked a notable increase from Herjavec's initial purchase price of $34.5 million in 2021, showcasing a beneficial investment for the seller.

Players

Jorge Lopez

Compass

Broker

$82.6M

vol

3 deals

Broker

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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93