Naftali Group Sells Condo On Madison Avenue For $68M With Rep Alexa Lambert - Compass
1165 Madison Avenue
$68,000,000
$5,230/SF
Building Size
13,000 SF
Asset Type
—
Closing
Mar 31, 2023
About this deal
AI
A luxury condo located at 1165 Madison Avenue in New York has been sold for a staggering $68,000,000. Spanning over 13,000 square feet, this exquisite property offers an unparalleled elegance and sophistication. With a price per square foot of $5,231, it is truly a remarkable investment opportunity.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $68,000,000
- Market: New York
- Seller: Naftali Group
- Seller's Representative: Miki Naftali
- Broker: Alexa Lambert
- Broker's Agency: Compass
The Naftali Group, led by Miki Naftali, acted as the seller in this noteworthy transaction. Serving as the broker for the deal, Alexa Lambert from Compass played an instrumental role in facilitating the sale. Their expertise and knowledge of the New York market were key factors in ensuring a successful outcome.
On the Map
$68,000,000
$5,230/SF
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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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93