Sandor Krauss Acquires Condo At 217 West 57th Street From Gary Barnett For $14.04M
217 West 57th Street
$14,039,562
$4,568/SF
Building Size
3,073 SF
Asset Type
Condo
Closing
Apr 5, 2023
About this deal
AI
A luxury condominium located at 217 West 57th Street in New York City has been sold in a recent transaction. The property, with a total area of 3,073 square feet, was purchased for a price of $14,039,562, resulting in a price per square foot (PPSF) of $4,569. The condo is part of the thriving market in New York City, known for its high-end real estate offerings.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $14,039,562
- Address: 217 West 57th Street
- Market: New York City
The buyer of the property is Sandor Krauss, while the seller is Gary Barnett. Alexander Boriskin and Michael Lorber from Douglas Elliman represented the buyer in this transaction, providing their expertise throughout the deal. On the seller's side, Gabriele Tonini and Gary Barnett, both affiliated with Extell Development, acted as representatives.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $4.6K per square foot on a published $14M for 3,073 square feet (2023).
Visit Alexander Boriskin to view all their deals.
Browse New York condo sales on Traded.
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