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