David Gelbard Purchases Condo At 255 East 77th Street From Miki Naftali For $3,558,335
255 East 77th Street
$3,558,335
$2,310/SF
Building Size
1,540 SF
Asset Type
Condo
Closing
May 7, 2026
AI
A condominium unit located at 255 East 77th Street in Manhattan recently sold for $3,558,335. The property spans 1,540 square feet, and the transaction closed at a price per square foot of $2,311.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,558,335
- Buyer: David Gelbard
- Seller: Miki Naftali - Naftali Group
- Square Footage: 1,540
- Price Per Square Foot: $2,311
The transaction saw David Gelbard acquiring the property from Miki Naftali, who represents the Naftali Group in this deal. This closed sale contributes to the ongoing activity in the 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
4.46%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93