Ralph Nakash Acquires Resi Co-op In Lenox Hill For $9.95M
812 Fifth Avenue, Manhattan, New York, NY, USA
$9,950,000
$2,493/SF
Building Size
3,990 SF
Asset Type
Co-Op
Closing
Jan 8, 2020
AI
Located at 812 Fifth Avenue in Lenox Hill, this residential co-op was recently sold in a closed transaction. The property spans 3,990 square feet, offering ample space for its new owner, Ralph Nakash. The deal was finalized on January 9, 2020, with a purchase price of $9,950,000. The price per square foot came out to be $2,481, reflecting the value of this exclusive Fifth Avenue residence.
Summary of transaction details
- Property Type: Resi Co-op
- Transaction Amount: $9,950,000
- Address: 812 Fifth Avenue
- Market: Lenox Hill
The sale was facilitated by Clayton Orrigo, Stephen Ferrara, and Kirsten Jordan, who represent Compass. They acted as brokers for both the buyer, Ralph Nakash, and the seller, the Rockefeller Family. Their expertise and negotiation skills were instrumental in closing the deal successfully.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93