Naftali Group Sells Madison Avenue Residential Condo For $66.5M
1165 Madison Avenue, Manhattan, New York, NY, USA
$66,500,000
$5,115/SF
Building Size
13,000 SF
Asset Type
—
Closing
Dec 2, 2021
About this deal
AI
David Hochfelder, Miki Naftali, and Danielle Naftali were involved in a recent property sale transaction in the Upper East Side of Manhattan. The property in question is a residential condo located at 1165 Madison Avenue. Developed by the Naftali Group, the condo spans approximately 13,000 square feet. The sale price for this transaction was $66,500,000, resulting in a price per square foot of $5,115.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $66,500,000 (approx.)
- Address: 1165 Madison Avenue
- Market: Upper East Side
- Developer: Naftali Group
- Square Footage: 13,000
- Price per Square Foot: $5,115
In this property transaction, David Hochfelder, Miki Naftali, and Danielle Naftali played significant roles. David Hochfelder, representing his agency, and Miki Naftali, as a representative of the Naftali Group, were involved in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93