Jeff Bezos Acquires Residential Condo On 212 Fifth Avenue For $16M
SOLD
$16,000,000
Colorado
See Similar DealsCondo165,401 SF
Sold 04/05/2019
SOLD
Jeff Bezos Acquires Residential Condo On 212 Fifth Avenue For $16M
212 5th Ave, New York, Ny 10010, Usa
See Similar DealsCondo165,401 SF
Sold 04/05/2019
Summary
COLORADO
Asset Type:Condo
Price Per Square Foot:$96
Total Square Footage:165,401 SF
Transaction Type:Sale
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
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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