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217 West 57th Street

Sandor Krauss Acquires Condo At 217 West 57th Street From Gary Barnett For $14.04M
SOLDCondo

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

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

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

Market 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