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1080 5th Avenue, New York C...

Atlas Delaware Trust Acquires Duplex In Carnegie Hill For $12.1M Via Paramount Group
SOLD

Atlas Delaware Trust Acquires Duplex In Carnegie Hill For $12.1M Via Paramount Group

1080 5th Avenue, New York City, New York 10128, United States

$12,100,000

$2,200/SF

Building Size

5,500 SF

Asset Type

Closing

Feb 1, 2022

AI

The property involved in this transaction is a duplex located at 1080 Fifth Avenue in the Carnegie Hill neighborhood. The property has a total square footage of 5,500 and a sale price of $12,100,000, resulting in a price per square foot of $2,200. The lot size is 7,471 and the dimensions of the lot are 73.08 ft x 102.17 ft. The property is zoned as R10, PI, and falls under tax class 2. The permits for alteration were issued on 12/22/2021.

Summary of transation details

  • Property Type: Duplex
  • Transaction Amount: $12,100,000
  • Market: Carnegie Hill
  • Address: 1080 Fifth Avenue
  • Zoning: R10, PI

The buyer in this transaction is Atlas Delaware Trust, and the seller is Albert Behler representing Paramount Group. The broker representing the seller is Sabrina Saltiel from Douglas Elliman.

Players

Sabrina Saltiel

Douglas Elliman

Broker

$257.5M

vol

7 deals

Broker
Albert Behler

Albert Behler

Paramount Group

Seller

$1.3B

vol

12 deals

Seller
Paramount Group
Paramount GroupLender

New York 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

1.31%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93