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
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