Gamma Sells Penthouse Condo At 430 East 58th Street Manhattan For $18.5M With Carl Gambino & Justin Montero As Seller's Rep
430 East 58th Street
$18,500,000
$3,882/SF
Building Size
4,765 SF
Asset Type
Condo
Closing
Oct 30, 2024
AI
The property involved in the transaction is a condo located at 430 East 58th Street - Penthouse 71 in Manhattan. The sale was finalized for a price of $18,500,000, encompassing a total square footage of 4,765. The price per square foot stands at $3,882.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $18,500,000
- Address: 430 East 58th Street - Penthouse 71
- Market: Manhattan
- Seller: Gamma
- Seller's Representative: Carl Gambino & Justin Montero - Compass
- Square Footage: 4,765
- Price Per Square Foot: $3,882
Key individuals involved in the deal include the seller Gamma, represented by brokers Carl Gambino and Justin Montero from Compass. Their role was crucial in facilitating this high-value transaction in the Manhattan 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93