Greg Olafson Acquires Penthouse At 1158 Fifth Avenue In Carnegie Hill For $11.4M
1158 5th Avenue, New York City, New York 10011, United States
$11,400,000
Building Size
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Asset Type
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Closing
Feb 10, 2022
About this deal
AI
Located in the prestigious Carnegie Hill neighborhood, the penthouse at 1158 Fifth Avenue has been sold in a closed transaction. Previously owned by Michael Steinhardt, the penthouse offers luxurious living in one of the most sought-after areas of New York City. The transaction was facilitated by the reputable brokerage firm, Brown Harris Stevens.
Summary of Transaction Details
- Property Type: Penthouse
- Transaction Amount: $11,400,000
- Date: 02/11/2022
- Location: 1158 Fifth Avenue, Carnegie Hill
The buyer of this exclusive penthouse is Greg Olafson, who now becomes the proud owner of this exceptional property. With its prime location and unparalleled views, the penthouse offers a unique living experience in the heart of New York City.
This transaction demonstrates the continued demand for high-end properties in Carnegie Hill. With its proximity to Central Park and the Upper East Side, this neighborhood continues to attract affluent buyers seeking luxury and elegance in their living spaces.
Players
New York CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93