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30 West 61st Street

Richard Nassimi Of Douglas Elliman Sells Lincoln Square Condo For $1.325M
SOLDCondo

Richard Nassimi Of Douglas Elliman Sells Lincoln Square Condo For $1.325M

30 West 61st Street

$1,325,000

$1,204/SF

Building Size

1,100 SF

Asset Type

Condo

Closing

Jun 23, 2025

AI

The property involved in this transaction is a condo located at 30 West 61st Street in the Lincoln Square market. The sale price of the condo was $1,325,000. It comprises 1,100 square feet, resulting in a price per square foot of $1,204.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,325,000
  • Sale Date: 6/24/2025
  • Seller: Richard Nassimi
  • Seller's Agent: Richard Nassimi - Douglas Elliman

The transaction was conducted with Richard Nassimi representing himself as the seller through Douglas Elliman, highlighting the involvement of established real estate professionals in the deal. The focus on a single party in the representation speaks to the straightforward nature of the transaction in this market.

Players

Richard Nassimi

Douglas Elliman

Seller

$56.4M

vol

34 deals

Seller
Douglas Elliman
Douglas EllimanSeller

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

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93