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520 5th Avenue

Robert Frankel Purchases 2,562 SF Condo At 520 5th Avenue Manhattan From Josh Rabina For $11.5M
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

Robert Frankel

Buyer

$166M

vol

13 deals

Buyer

Josh Rabina

Rabina Properties

Seller

$233.9M

vol

7 deals

Seller

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