Aman New York Condo Sold On Fifth Ave. In Midtown For $55M With Buyer's Rep Alexander Team - Douglas Elliman
730 5th Avenue
$55,000,000
$8,730/SF
Building Size
6,300 SF
Asset Type
—
Closing
May 23, 2022
About this deal
AI
The recently closed property transaction involved a condominium located at 730 Fifth Ave., Floor 22 in Midtown. This condo spans approximately 6,300 square feet and was sold for a total price of $55,000,000. The sale of this property was facilitated by Tal Alexander & Oren Alexander (Alexander Team) of Douglas Elliman.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $55,000,000
- Address: 730 Fifth Ave., Floor 22
- Market: Midtown
- Buyer's Representative: Tal Alexander & Oren Alexander (Alexander Team) - Douglas Elliman
- Square Footage: 6,300
Tal Alexander & Oren Alexander, representing the buyer, facilitated the sale of this impressive condo at 730 Fifth Ave. The transaction took place on 05/24/2022, with a sale price of $55,000,000 and a price per square foot of $8,730.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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About $8.7K per square foot on a published $55M for 6,300 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93