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50 West 66th Street

Gary Barnett Of Extell Development Sells Condo At 50 West 66th Street For $19.5M
SOLDCondo

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

Todd Lewin

Compass

Broker

$33.7M

vol

3 deals

Broker

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