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255 East 77th Street

David Gelbard Purchases Condo At 255 East 77th Street From Miki Naftali For $3,558,335
SOLDCondo

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

Miki Naftali

Naftali Group

Seller

$3.9B

vol

32 deals

Seller

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