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.
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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