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812 Fifth Avenue, Manhattan...

Ralph Nakash Acquires Resi Co-op In Lenox Hill For $9.95M
SOLDCo-Op

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

Clayton Orrigo

Compass

Broker

$136.1M

vol

6 deals

Broker
JE
Jordache EnterprisesBuyer

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