Richard Nassimi Represents Buyer In $3M Condo Sale At 21 East 61st Street Upper East Side
21 East 61st Street
$3,000,000
$2,666/SF
Building Size
1,125 SF
Asset Type
Condo
Closing
Nov 2, 2025
AI
The property asset involved in this transaction is a condo located at 21 East 61st Street in the Upper East Side market. The sale price was $3,000,000, encompassing a total square footage of 1,125, which equates to a price per square foot of $2,666.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,000,000
- Address: 21 East 61st Street
- Market: Upper East Side
- Square Footage: 1,125
- Price per Square Foot: $2,666
- Buyer's Representative: Richard Nassimi
The key individuals involved in the deal include the buyer's representative, Richard Nassimi, who played a crucial role in facilitating the transaction for the buyer.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93