Sandor Krauss Acquires Condo At 217 West 57th Street, NYC From Gary Barnett
SOLD
$14,039,562
+ 2
New York
See Similar DealsCondo3,073 SF
Sold 04/05/2023
SOLD
Sandor Krauss Acquires Condo At 217 West 57th Street, NYC From Gary Barnett
217 West 57th Street
See Similar DealsCondo3,073 SF
Sold 04/05/2023
+ 2
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$4,568
Total Square Footage:3,073 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$748,776.64
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,879.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,554.69
Annual Debt Service$798,656.24
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