Gary Barnett Of Extell Development Sells Condo At 50 West 66th Street For $19.5M
50 West 66th Street
$19,500,000
$2,785/SF
Building Size
7,000 SF
Asset Type
Condo
Closing
Jan 20, 2025
AI
The property asset involved in this transaction is a condo located at 50 West 66th Street in Manhattan. The unit has a total square footage of 7,000 and is contracted for a price of $19,500,000. The price per square foot is calculated at $2,786.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,500,000
- Address: 50 West 66th Street
- Market: Manhattan
- Square Footage: 7,000
- Price per Square Foot: $2,786
- Seller: Gary Barnett - Extell Development
- Buyer's Representative: Todd Lewin - Compass
- Seller's Representative: Hilary Landis - The Corcoran Group
This transaction secured by Extell Development involves key representation from Todd Lewin, who represents the buyer, and Hilary Landis, who represents the seller. The contract marks a significant deal within the Manhattan real estate market occurring between January 13 and January 19, 2025.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93