Allegretti & Associates Represents Buyer In $35M Upper East Side Co-op Purchase
990 5 AVENUE, New York, NY 10075
$35,000,000
$5,426/SF
Building Size
6,450 SF
Asset Type
—
Closing
Sep 22, 2021
About this deal
AI
The co-op located at 990 Fifth Avenue in the Upper East Side was recently sold for a price of $35,000,000. The property spans a total area of 6,450 square feet, resulting in a price per square foot of $5,426. With a lot size of 2,990, the dimensions of the lot measure 27.17 feet in width and 110 feet in length. This transaction took place on September 23, 2021.
Summary of transaction details
- Property Type: Co-op
- Transaction Amount: $35,000,000
- Market: Upper East Side
- Zoning: R10, PI
- Seller: Nasser Family
- Buyer's Representative: Jill Allegretti - Allegretti & Associates
- Seller's Representatives: John Burger & Nancy Candib
- Square Footage: 6,450
- Price per Square Foot: $5,426
- Lot Size: 2,990
- Permits: Alteration 3 (01/14/2015)
- Lot Dimension: 27.17 ft x 110 ft
Jill Allegretti from Allegretti & Associates represented the buyer, while John Burger and Nancy Candib served as the seller's representatives in this transaction.
On the Map
$35,000,000
$5,426/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93