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
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