Jeff Bezos Acquires $80M Penthouse & 2 Units Below In Madison Square Park
SOLD
$80,000,000
New York
See Similar Deals165,401 SF
Sold 05/04/2019
SOLD
Jeff Bezos Acquires $80M Penthouse & 2 Units Below In Madison Square Park
212 5th Ave, New York, NY 10010, USA
See Similar Deals165,401 SF
Sold 05/04/2019
Summary
NEW YORK
Price Per Square Foot:$483
Total Square Footage:165,401 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$284,223.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$379,240.81
Annual Debt Service$4,550,889.77
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