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Esser Management Corp Acquires Condo At 50 West 66th Street From Gary Barnett For $17.85M
SOLD
$17,846,960
New York
See Similar DealsCondo3,395 SF
Sold
SOLD
Esser Management Corp Acquires Condo At 50 West 66th Street From Gary Barnett For $17.85M
50 West 66th Street
See Similar DealsCondo3,395 SF
Sold
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5256
Total Square Footage:3395 SF
Transaction Type:Sale
Esser Management Corp acquired a 3,395 sqft condo at 50 West 66th Street in Lincoln Square, Manhattan for $17,846,960, translating to a price per square foot of $5,257. The transaction took place on March 4, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,846,960
- Address: 50 West 66th Street, Lincoln Square, Manhattan
- Square Footage: 3,395
- Price per Square Foot: $5,257
- Buyer: Esser Management Corp
- Seller: Gary Barnett - Extell Development
- Date of Transaction: March 4, 2026
The transaction involved Gary Barnett representing his company, Extell Development, as the seller in this deal with Esser Management Corp as the buyer. This sale reflects the activities of key players in the Manhattan real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$951,837.86
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,406.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,603.70
Annual Debt Service$1,015,244.35
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