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217 West 57th Street

Gary Barnett Of Extell Sells Condo At 217 West 57th Street For $11.95M
SOLDCondo

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

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.

Players

Lenny Sporn

Sporn Group

Broker

$336.1M

vol

11 deals

Broker
Gary Barnett

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