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
New York CRE Market Snapshot
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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