Tom Gelb Purchases 16518 Square Foot Office Condo In Upper West Side For $23 Million
100 West 93rd Street
$23,000,000
$1,392/SF
Building Size
16,518 SF
Asset Type
Office
Closing
Nov 13, 2025
AI
The transaction involves an office condo located at 100 West 93rd Street in the Upper West Side market. The property encompasses 16,518 square feet and was sold for a total of $23,000,000, equating to a price per square foot of $1,392.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,000,000
- Square Footage: 16,518
- Price per Square Foot: $1,392
- Buyer: Tom Gelb - Manhattan Childrens Center
- Seller: Steven Neuman & Israel Weinberger
This transaction highlights Tom Gelb representing the Manhattan Children's Center, who acquired the property from sellers Steven Neuman and Israel Weinberger, facilitating the completion of the deal for the office condo.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93