Douglas Elliman Facilitates $26M Sale Of Residential Condo At 432 Park Avenue, Midtown
432 Park Avenue, Manhattan, New York, NY, USA
$26,000,000
$6,469/SF
Building Size
4,019 SF
Asset Type
—
Closing
Nov 29, 2021
About this deal
AI
Located at 432 Park Avenue in Midtown, this residential condo was recently sold. The condo spans 4,019 square feet and has a price per square foot of $6,469. The transaction took place in November 2021, and the property was sold for a total of $26,000,000.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $26,000,000
- Address: 432 Park Avenue, Midtown
- Square Footage: 4,019
- Price per Square Foot: $6,469
The deal was facilitated by brokers Tal Alexander and Oren Alexander of Douglas Elliman. They represented the parties involved in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93