SOLD
Robert Frankel Purchases 2,562 SF Condo At 520 5th Avenue Manhattan From Josh Rabina For $11.5M
520 5th Avenue
$11,500,000
$4,488/SF
Building Size
2,562 SF
Asset Type
—
Closing
Apr 27, 2026
AI
A condo located at 520 5th Avenue in Manhattan has been sold for $11.5 million. The property encompasses 2,562 square feet, which results in a price per square foot of approximately $4,489.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,500,000
- Address: 520 5th Avenue, Manhattan
- Square Footage: 2,562
- Price Per Square Foot: $4,489
- Buyer: Robert Frankel
- Seller: Josh Rabina - Rabina Properties
The transaction involved buyer Robert Frankel acquiring the property from developer Josh Rabina, who is associated with Rabina Properties. The sale took place on April 27, 2026.
Players
Brooklyn 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93