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
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