Michael Zaoui Acquires Zeckendorf Development's Resi Condo On UES For $25.9M
520 Park Ave, New York, NY 10065, USA
$25,900,000
$5,630/SF
Building Size
4,600 SF
Asset Type
—
Closing
Jun 26, 2019
About this deal
AI
520 Park Avenue in the Upper East Side has been sold for $25,900,000. This residential condo spans 4,600 square feet and has a price per square foot of $5,630. The transaction took place on June 27, 2019. The buyer of the property is Michael Zaoui, while the seller is Zeckendorf Development.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $25,900,000
- Square Footage: 4,600
- Price Per Square Foot: $5,630
- Address: 520 Park Avenue
- Market: Upper East Side
Michael Zaoui successfully acquired 520 Park Avenue from the seller, Zeckendorf Development. The transaction marks a significant deal in the Upper East Side real estate market.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $5.6K per square foot on a published $25.9M for 4,600 square feet (2019).
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93