Atlas Delaware Trust Acquires Duplex In Carnegie Hill For $12.1M Via Paramount Group
SOLD
$12,100,000
New York
See Similar Deals5,500 SF
Sold 02/02/2022
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
See Similar Deals5,500 SF
Sold 02/02/2022
Summary
NEW YORK
Price Per Square Foot:$2,200
Total Square Footage:5,500 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$645,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,988.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,360.17
Annual Debt Service$688,322.08
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