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1158 5th Avenue, New York C...

Updated Dec 21, 2023

Greg Olafson Acquires Penthouse At 1158 Fifth Avenue In Carnegie Hill For $11.4M
SOLD

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

Asset Type

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

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.39%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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