SOLDCondo
JVP Development & International Properties Purchase Condo From Gamma Real Estate For $7.9M In Manhattan
450 East 58th Street
$7,900,000
$3,434/SF
Building Size
2,300 SF
Asset Type
Condo
Closing
Sep 11, 2026
About this deal
AI
The transaction involved a condo sold at 450 East 58th Street, located in Manhattan. The property had a sale price of $7,900,000 and offered a total square footage of 2,300, resulting in a price per square foot of $3,435.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,900,000
- Address: 450 East 58th Street
- Market: Manhattan
- Square Footage: 2,300
- Price Per Square Foot: $3,435
- Buyer: JVP Development & International Properties
- Seller: Gamma Real Estate & JVP Development
- Brokers: Noble Black, David Eskander & Jamie Gagliano - The Corcoran Group
Gamma Real Estate and JVP Development sold the sponsor condo to International Properties, Inc. This transaction highlights the involvement of The Corcoran Group, represented by Noble Black, David Eskander, and Jamie Gagliano.
On the Map
$7,900,000
$3,434/SF
Condo
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Players
Brooklyn 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93