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520 Park Avenue, Manhattan,...

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

$25,000,000

$5,401/SF

Building Size

4,628 SF

Asset Type

Closing

Jan 12, 2021

AI

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

Broker

$2B

vol

106 deals

Broker

New York 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93