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611 West 56th Street

Ram Li Purchases Condo At 611 West 56th Street For $2.423M With Richard Nassimi & Gilad Azaria As Seller's Representatives
SOLDCondo

Ram Li Purchases Condo At 611 West 56th Street For $2.423M With Richard Nassimi & Gilad Azaria As Seller's Representatives

611 West 56th Street

$2,423,000

$1,566/SF

Building Size

1,547 SF

Asset Type

Condo

Closing

Mar 25, 2025

AI

The property asset involved in this transaction is a condo located at 611 West 56th Street, 21-B in the Hell's Kitchen market. The sale price of the condo was $2,423,000, with a total area of 1,547 square feet, resulting in a price per square foot of $1,566.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,423,000
  • Address: 611 West 56th Street, 21-B
  • Market: Hell's Kitchen
  • Square Footage: 1,547
  • Price Per Square Foot: $1,566
  • Buyer: Ram Li
  • Developer: Sumaida + Khurana & LENY
  • Seller's Representative: Richard Nassimi & Gilad Azaria - Douglas Elliman

Ram Li is the buyer who has acquired the property, while Richard Nassimi and Gilad Azaria from Douglas Elliman represented the seller in this transaction. The involvement of the developer, Sumaida + Khurana and LENY, is also noteworthy in the context of the property sale.

Players

Richard Nassimi

Douglas Elliman

Broker

$56.4M

vol

34 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

6.55%

Cash-on-Cash

-1.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93