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
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