Gil-Haim Agmon & Orit Alster Ben Zvi Acquire Upper East Side Condo For $36M
520 Park Avenue, New York City, New York 10065, United States
$36,000,000
$7,778/SF
Building Size
4,628 SF
Asset Type
—
Closing
Oct 20, 2021
About this deal
AI
520 Park Avenue, located in the Upper East Side, has been sold in a recent transaction. The condo, developed by Zeckendorf Development, was purchased for a total of $36,000,000. Spanning across 4,628 square feet, the property boasts a price per square foot of $7,778.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $36,000,000
- Address: 520 Park Avenue
- Market: Upper East Side
- Buyer: Gil-Haim Agmon & Orit Alster Ben Zvi
- Seller: Zeckendorf Development
- Broker: Liza Nematnejad - Douglas Elliman
The deal was facilitated by Liza Nematnejad from Douglas Elliman, representing the buyer and seller in the transaction.
Players
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93