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200 East 59th Street

John R. Smith Acquires Condo At 200 East 59th Street For $5.225M With Seller's Rep Douglas Elliman
SOLDCondo

John R. Smith Acquires Condo At 200 East 59th Street For $5.225M With Seller's Rep Douglas Elliman

200 East 59th Street

$5,225,000

$3,037/SF

Building Size

1,720 SF

Asset Type

Condo

Closing

Mar 24, 2025

AI

200 East 59th Street is a condo located in the Sutton Place market, with a sale price of $5,225,000. The property encompasses 1,720 square feet, resulting in a price per square foot of $3,037.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,225,000
  • Address: 200 East 59th Street
  • Market: Sutton Place
  • Square Footage: 1,720
  • Price per Square Foot: $3,037
  • Buyer: John R. Smith
  • Seller: Mipa 59/Third Owner LLC & Centurion Real Estate Partners
  • Seller's Representatives: Pierre Cadourcy, Kathryn Neugold & Douglas Brown - Douglas Elliman

The transaction was facilitated by sellers Mipa 59/Third Owner LLC and Centurion Real Estate Partners, represented by brokers Pierre Cadourcy, Kathryn Neugold, and Douglas Brown from Douglas Elliman. The buyer in this transaction is John R. Smith.

Players

Pierre Cadourcy

Douglas Elliman

Broker

$15.3M

vol

6 deals

Broker
CL
Centurion Real Estate Partners, LLCSeller

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

3.04%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93