Jeff Bezos Acquires $80M Penthouse & 2 Units Below In Madison Square Park
212 5th Ave, New York, NY 10010, USA
$80,000,000
$483/SF
Building Size
165,401 SF
Asset Type
—
Closing
May 3, 2019
AI
An $80 million transaction was recently closed in Madison Square Park, involving a penthouse and two units below located at 212 Fifth Avenue. The property spans a total of 17,000 square feet and is priced at $4,705 per square foot.
Summary of transaction details
- Property Type: Penthouse + 2 units
- Transaction Amount: $80,000,000
- Address: 212 Fifth Avenue
- Market: Madison Square Park
- Square Footage: 17,000
- Price per Square Foot: $4,705
The buyer of the property is Jeff Bezos, the CEO of Amazon, while the sellers are Madison Equities and Thor Equities. Representing the buyer in the deal is John Burger from Brown Harris Stevens, and representing the sellers is Nikkie Field from Sotheby's.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93