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Zeckendorf Development Sells Upper East Side Resi Condo At 520 Park Avenue For $25M By Buyer Rep Oren Alexander & Tal Alexander

Property Image
SOLD
$25,000,000
Marc Riedel
Ari Salehi
Louis Buckworth
+ 2

New York

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4,628 SF
Sold 01/13/2021
the dealplayerscompscontact
Property Image
SOLD

Zeckendorf Development Sells Upper East Side Resi Condo At 520 Park Avenue For $25M By Buyer Rep Oren Alexander & Tal Alexander

520 Park Avenue, Manhattan, New York, NY, USA

See Similar Deals
4,628 SF
Sold 01/13/2021
Marc Riedel
Ari Salehi
Louis Buckworth
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Price Per Square Foot:$5,401
Total Square Footage:4,628 SF
Transaction Type:Sale

Oren Alexander, Louis Buckworth, and Tal Alexander were involved in the sale of a residential condominium located at 520 Park Avenue in the Upper East Side market.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $25,000,000 (approx.)
  • Square Footage: 4,628
  • Address: 520 Park Avenue
  • Market: Upper East Side

Zeckendorf Development served as the developer for this property. The buyer representatives from Douglas Elliman, Oren Alexander and Tal Alexander, along with their team at Alexander Team, facilitated the acquisition. Louis Buckworth, from Brown Harris Stevens, acted as the developer's representative in the deal.

The property offers 4 bedrooms and 5 bathrooms. With a price per square foot of approximately $5,401, this condo presents a luxurious living space.

Players

Oren Alexander
Official
Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER
Tal Alexander
Official
Tal Alexander
83 deals$1.8B volume(212) 951-0071
BROKER
Louis Buckworth
Louis Buckworth
3 deals$139.8M volume
BROKER
Marc Riedel
Douglas Elliman
Marc Riedel
5 deals$63.9M volume
BROKER
Ari Salehi
Douglas Elliman
Ari Salehi
1 deal$25M volume
BROKER

Details

SOLD
IMAGE: Oren Alexander, Louis Buckworth & Tal Alexander DATE: 01/13/2021 ADDRESS: @520_Park_Avenue MARKET: Upper East Side ASSET TYPE: Resi Condo DEVELOPER: Zeckendorf Development BUYER REP: @OrenAlexander & @TalAlexander @AlexanderTeam - @DouglasElliman DEVELOPER REP: Louis Buckworth @BrownHarrisStevens PRICE: $25,000,000 (approx.) SF: 4,628 (4 Beds/5 Baths) ~ PPSF: $5,401 (approx.)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
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