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Michael Lambka Purchases Condo At 40 Bleecker Street From Susan Toub For $4.5M

Property Image
SOLD
$4,500,000

New York

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Condo1,506 SF
Sold 03/19/2026
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Property Image
SOLD

Michael Lambka Purchases Condo At 40 Bleecker Street From Susan Toub For $4.5M

40 Bleecker Street

See Similar Deals
Condo1,506 SF
Sold 03/19/2026
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,988
Total Square Footage:1,506 SF
Transaction Type:Sale

The property asset involved in the transaction is a condo located at 40 Bleecker Street in the NoHo market. The condo has a sale price of $4,500,000 and encompasses a total square footage of 1,506, which equates to a price per square foot of $2,988.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,500,000
  • Square Footage: 1,506
  • Price per Square Foot: $2,988
  • Address: 40 Bleecker Street
  • Market: NoHo
  • Buyer: Michael Lambka
  • Seller: Susan Toub
  • Buyer's Representative: Gershon Adjaye - Keller Williams NYC
  • Seller's Representative: Noble Black - Corcoran

The deal features key individuals, including buyer Michael Lambka and seller Susan Toub, who engaged the services of their respective representatives during the transaction. Gershon Adjaye from Keller Williams NYC represented the buyer, while Noble Black from Corcoran represented the seller.

Players

Gershon Adjaye
27 deals$49.4M volume(973) 583-3030
BROKER

Noble Black
The Corcoran Group
7 deals$130.7M volume(347) 526-3308
BROKER

Details

SOLD
IMAGE: Gershon Adjaye & Noble Black DATE: 3/19/2026 ADDRESS: 40 Bleecker Street MARKET: NoHo ASSET TYPE: Condo BUYER: Michael Lambka SELLER: Susan Toub BUYER'S REP: Gershon Adjaye (@GershGroup) - Keller Williams NYC (@KWNewYorkCity) SELLER'S REP: Noble Black (@NobleBlack1) - Corcoran SALE PRICE: $4,500,000 SF: 1,506 ~ PPSF: $2,988

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55