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40 Bleecker Street

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

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

40 Bleecker Street

$4,500,000

$2,988/SF

Building Size

1,506 SF

Asset Type

Condo

Closing

Mar 18, 2026

AI

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

Keller Williams NYC

Broker

$49.4M

vol

27 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93