Unit 50C in 157 West 57th Street sells for $15.7M, below original purchase price

The entity 15750C LLC paid Gaia Properties, LLC $15.7 million for condo unit 50C at 157 West 57th Street in Midtown West. The deal closed on February 3, 2020, and was recorded on February 10, 2020. The transaction consists of 1 parcel, including the tax class residential condo in Acris (SC). The property is 3,466 square feet. The parcel(s) have total development potential of 3,466 square feet.
The average sale price per square foot is $4,530.

The last time the property sold was March 24, 2015, when the developer, Extell Development, sold the unit to Gaia for $19,350,250.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link