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520 Park Avenue, Hoboken, N...

Tal Alexander & Oren Alexander Acquire $34.5M Condo On 520 Park Avenue
SOLD

Tal Alexander & Oren Alexander Acquire $34.5M Condo On 520 Park Avenue

520 Park Avenue, Hoboken, New Jersey 07030, United States

$34,500,000

$7,454/SF

Building Size

4,628 SF

Asset Type

Closing

May 3, 1922

AI

Located at 520 Park Avenue in Manhattan, this luxurious condo was recently sold in a closed transaction. The property spans 4,628 square feet and was sold for a staggering price of $34,500,000, resulting in a price per square foot of $7,454. Situated in a highly coveted location, the condo offers a sophisticated and high-end living experience.

Summary of transaction details

  • Property Type: Condo
  • Sale Price: $34,500,000
  • Square Footage: 4,628
  • Price per Square Foot: $7,454
  • Address: 520 Park Avenue, Manhattan

Represented by Tal Alexander, Oren Alexander, and Jared Schwadron from Douglas Elliman, the buyers successfully closed the deal. Their expertise and negotiation skills played a crucial role in securing this remarkable property. With their assistance, the buyers were able to acquire a prestigious condo in one of Manhattan's most sought-after locations.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

Hoboken CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93