Elliot Nassim And Igal Namdar Acquire Retail Condo In Upper West Side For $9.8M
225 West 83rd Street
$9,800,000
$668/SF
Building Size
14,663 SF
Asset Type
Condo
Closing
Feb 26, 2025
About this deal
AI
A retail condo located at 225 West 83rd Street, positioned in the Upper West Side of Manhattan, was involved in a sale transaction. The property spans 14,663 square feet and was sold for $9,800,000, translating to a price per square foot of $668.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,800,000
- Address: 225 West 83rd Street
- Market: Upper West Side, Manhattan
- Buyer: Elliot Nassim - Mason Asset Management
- Buyer: Igal Namdar - Namdar Realty Group
- Seller: Bill Huffman - Nuveen Real Estate
- Square Footage: 14,663
- Price per Square Foot: $668
The transaction featured Elliot Nassim representing Mason Asset Management and Igal Namdar representing Namdar Realty Group as the buyers. Bill Huffman acted on behalf of Nuveen Real Estate as the seller of the asset, completing the deal on 02/26/2025.
On the Map
$9,800,000
$668/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $668 per square foot on a published $9.8M for 14,663 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93