Gary Barnett Of Extell Sells Condo At 217 West 57th Street For $11.95M
217 West 57th Street
$11,947,025
$4,525/SF
Building Size
2,640 SF
Asset Type
Condo
Closing
Mar 23, 2026
About this deal
AI
The property asset involved in the transaction is a condo located at 217 West 57th Street in Manhattan. The sale price was $11,947,025, covering an area of 2,640 square feet, resulting in a price per square foot of $4,525.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,947,025
- Address: 217 West 57th Street, Manhattan
- Square Footage: 2,640
- Price Per Square Foot: $4,525
- Seller: Gary Barnett - Extell
- Buyer's Representative: Lenny Sporn - Sporn Group
- Broker: Gabriele Tonini - Extell
- Attorney: Jeff Homapour
The deal involved key individuals and companies in the real estate sector. Gary Barnett represented Extell as the seller, while Lenny Sporn acted as the buyer's representative from the Sporn Group. Gabriele Tonini served as the broker representing Extell in this transaction, and Jeff Homapour was the attorney overseeing the deal.
On the Map
$11,947,025
$4,525/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.5K per square foot on a published $11.9M for 2,640 square feet (2026).
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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