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217 West 57th Street

Sandor Krauss Acquires Condo At 217 West 57th Street, NYC From Gary Barnett
SOLDCondo

Sandor Krauss Acquires Condo At 217 West 57th Street, NYC From Gary Barnett

217 West 57th Street

$14,039,562

$4,568/SF

Building Size

3,073 SF

Asset Type

Condo

Closing

Apr 5, 2023

AI

Located at 217 West 57th Street in New York City, this condominium is the subject of a recent sale transaction. The property, spanning 3,073 square feet, was sold for a total price of $14,039,562, resulting in a price per square foot of $4,569.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $14,039,562
  • Date: 04/05/2023
  • Address: 217 West 57th Street, New York City
  • Market: New York City

Sandor Krauss is the buyer in this transaction, while Gary Barnett served as the seller. Representing the buyer is Alexander Boriskin from Douglas Elliman, along with Michael Lorber also from Douglas Elliman. On the seller's side, the representation was provided by Gabriele Tonini and Gary Barnett from Extell Development.

Players

Michael Lorber

Douglas Elliman

Broker

$262.5M

vol

38 deals

Broker

Sandor Krauss

Buyer

$154.3M

vol

14 deals

Buyer
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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93