Gary Barnett Sells $115M Condo At Central Park Tower In Midtown Manhattan
217 West 57th Street
$115,000,000
$9,583/SF
Building Size
12,000 SF
Asset Type
Condo
Closing
Jun 14, 2024
About this deal
AI
The condo located at 217 West 57th Street in Midtown Manhattan was sold for $115,000,000. The property spans 12,000 square feet with a price per square foot of $9,583.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $115,000,000
- Address: 217 West 57th Street
- Market: Midtown Manhattan
Gary Barnett of Extell Development led the sale of the condo, marking it as the most expensive residential deal in New York City since 2022. The deal was facilitated by brokers Fredrik Eklund, John Gomes, and Kent Wu from Douglas Elliman.
On the Map
$115,000,000
$9,583/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $9.6K per square foot on a published $115M for 12,000 square feet (2024).
Visit John Gomes to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93