Craig Schmidtke Purchases Condo From Miki Naftali's Naftali Group For $5.96M In Manhattan
255 East 77th Street
$5,961,180
$2,281/SF
Building Size
2,613 SF
Asset Type
Condo
Closing
May 18, 2026
AI
Craig Schmidtke purchased a condo at 255 East 77th Street in Manhattan for $5,961,180. The property measures 2,613 square feet, resulting in a price per square foot of $2,281. This transaction reflects ongoing interest in luxury new construction within the locale.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,961,180
- Buyer: Craig Schmidtke
- Seller: Miki Naftali - Naftali Group
- Square Footage: 2,613
- Price Per Square Foot: $2,281
- Sale Date: May 18, 2026
Miki Naftali, representing Naftali Group, facilitated the sale of the condo to Craig Schmidtke, enabling a successful transaction within the competitive Manhattan real estate market.
Players
New York 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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93