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Gunju Hwang Purchases Luxury Condo From Gary Barnett At 50 West 66th Street For $35.73M
SOLD
$35,730,500
New York
See Similar DealsCondo4,878 SF
Sold 05/11/2026
SOLD
Gunju Hwang Purchases Luxury Condo From Gary Barnett At 50 West 66th Street For $35.73M
50 West 66th Street
See Similar DealsCondo4,878 SF
Sold 05/11/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$7,324
Total Square Footage:4,878 SF
Transaction Type:Sale
A 4,878-square-foot luxury condo located at 50 West 66th Street in Manhattan's Lincoln Square has been sold for $35,730,500. This sale reflects a price per square foot of $7,325.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $35,730,500
- Square Footage: 4,878
- Price per Square Foot: $7,325
- Buyer: Gunju Hwang
- Seller: Gary Barnett - Extell Development
The transaction involves Gunju Hwang as the buyer and Gary Barnett representing Extell Development as the seller. This ultra-prime residential transaction underscores the ongoing demand for high-end properties in the Lincoln Square area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,905,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$126,942.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$169,380.80
Annual Debt Service$2,032,569.59
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