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217 West 57th Street

Rafael Lipa Purchases Condo From Gary Barnett's Extell For $11.9 Million In Manhattan
SOLDCondo

Rafael Lipa Purchases Condo From Gary Barnett's Extell For $11.9 Million In Manhattan

217 West 57th Street

$11,947,025

$4,525/SF

Building Size

2,640 SF

Asset Type

Condo

Closing

Mar 24, 2026

AI

A condo located at 217 West 57th Street in Central Park South, Manhattan, was sold for $11,947,025. The property comprises 2,640 square feet, resulting in a price per square foot of approximately $4,525. The sale was completed on March 24, 2026.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $11,947,025
  • Address: 217 West 57th Street, Central Park South, Manhattan
  • Square Footage: 2,640
  • Price Per Square Foot: $4,525
  • Buyer: Rafael Lipa
  • Seller: Gary Barnett - Extell

The transaction featured Rafael Lipa as the buyer acquiring the property from seller Gary Barnett, representing Extell. This deal marked a significant real estate transaction in the Central Park South area, closing at the stated sale price.

Players

Gary Barnett

EXTELL

Seller

$8.3B

vol

59 deals

Seller

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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93