Gamma Sells Penthouse Condo At 430 East 58th Street Manhattan For $18.5M With Carl Gambino & Justin Montero As Seller's Rep
SOLD
New York
See Similar DealsCondo4,765 SF
Sold 10/30/2024
SOLD
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
See Similar DealsCondo4,765 SF
Sold 10/30/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,882
Total Square Footage:4,765 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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