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100 West 93rd Street

Tom Gelb Purchases 16518 Square Foot Office Condo In Upper West Side For $23 Million
SOLDOffice

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

Tom Gelb

Manhattan Childrens Center

Buyer

$23M

vol

1 deal

Buyer
Manhattan Childrens Center
Manhattan Childrens CenterBuyer

Steven Neuman

Seller

$107.9M

vol

6 deals

Seller

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