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MRR Development Sells Condo At 611 West 56th Street For $2,520,168 With Douglas Elliman's Representation

Property Image
SOLD
$2,520,168
Richard Nassimi
Gilad Azaria

New York

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Condo1,547 SF
Sold 05/28/2025
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Property Image
SOLD

MRR Development Sells Condo At 611 West 56th Street For $2,520,168 With Douglas Elliman's Representation

611 West 56th Street

See Similar Deals
Condo1,547 SF
Sold 05/28/2025
Richard Nassimi
Gilad Azaria
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,629
Total Square Footage:1,547 SF
Transaction Type:Sale

This condo located at 611 West 56th Street in Hell's Kitchen, Manhattan was sold for a total of $2,520,168. The property spans 1,547 square feet, which equates to a price per square foot of $1,629.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,520,168
  • Square Footage: 1,547
  • Price Per Square Foot: $1,629
  • Seller: MRR Development
  • Seller's Representative: Richard Nassimi & Gilad Azaria - Douglas Elliman
  • Date of Sale: 5/28/2025
  • Market: Hell's Kitchen, Manhattan
  • Note from Broker: Off Market

The transaction involved key individuals Richard Nassimi and Gilad Azaria, representing MRR Development through Douglas Elliman as they facilitated the deal. The sale was conducted off the market, indicating a private transaction without public listing.

Players

Richard Nassimi
Douglas Elliman
Richard Nassimi
34 deals$56.4M volume
BROKER
Gilad Azaria
Douglas Elliman
Gilad Azaria
2 deals$4.9M volume(917) 586-0720
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Richard Nassimi & Gilad Azaria DATE: 5/28/2025 ADDRESS: 611 West 56th Street MARKET: Hell's Kitchen, Manhattan ASSET TYPE: Condo SELLER: MRR Development SELLER'S REP: Richard Nassimi (@RichardNassimi) (@TheNassimiTeam) & Gilad Azaria (@Gilad_NYRealEstate) - Douglas Elliman (@DouglasElliman) SALE PRICE: $2,520,168 SF: 1,547 ~ PPSF: $1,629 NOTE FROM BROKER: OFF Market

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,953.62
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