Pontiac Land Group Sells Condo At 53 West 53rd Street For $5,350,000 With Neil Zaken & Jeremy Shevett As Buyer's Representatives
53 West 53rd Street
$5,350,000
$2,049/SF
Building Size
2,610 SF
Asset Type
Condo
Closing
Aug 4, 2026
About this deal
AI
A condominium located at 53 West 53rd Street in Manhattan was sold by Pontiac Land Group. The sale occurred at a price of $5,350,000, encompassing a total area of 2,610 square feet, which results in a price per square foot of $2,049.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,350,000
- Square Footage: 2,610
- Price per Square Foot: $2,049
- Seller: Pontiac Land Group
- Buyer's Representative: Neil Zaken & Jeremy Shevett - Compass
The deal was represented by Neil Zaken and Jeremy Shevett, who are associated with Compass, facilitating the transaction for the buyer in this property sale.
On the Map
$5,350,000
$2,049/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93