Jeff Bezos Acquires Residential Condo On 212 Fifth Avenue For $16M
212 5th Ave, New York, Ny 10010, Usa
$16,000,000
$96/SF
Building Size
165,401 SF
Asset Type
Condo
Closing
Apr 5, 2019
AI
Jeff Bezos has purchased a residential condo located at 212 Fifth Avenue in Madison Square Park. The property was sold by Madison Equities & Thor Equities. The transaction, facilitated by brokers John Burger of Brown Harris Stevens and Nikki Field of Sotheby’s, was completed for a price of $16,000,000.
Summary of transaction details
- Property Type: Residential condo
- Transaction Amount: $16,000,000
- Address: 212 Fifth Avenue
- Market: Madison Square Park
The deal was brokered by John Burger of Brown Harris Stevens and Nikki Field of Sotheby’s. They represented the respective parties in the transaction.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93