Successor States To The Former SFR Yugoslavia Sells SFR On 5th Avenue For $50M With Tristan Harper - Douglas Elliman
854 5th Avenue
$50,000,000
$2,500/SF
Building Size
20,000 SF
Asset Type
Co-Op
Closing
Oct 4, 2022
AI
The property involved in the transaction is a Single Family Residence (SFR) located at 854 5th Avenue in Manhattan, New York. The property spans 20,000 square feet and was sold for a record-breaking price of $50,000,000. This equates to a price per square foot (PPSF) of $2,500. The seller of the property is the Successor States to the Former SFR Yugoslavia, represented by Joan Greenberg. The transaction was facilitated by broker Tristan Harper of Douglas Elliman.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $50,000,000
- Address: 854 5th Avenue, Manhattan, New York
- Square Footage: 20,000
- Price per Square Foot: $2,500
- Seller: Successor States to the Former SFR Yugoslavia - Joan Greenberg
- Broker: Tristan Harper - Douglas Elliman
This record-breaking sale on Fifth Avenue demonstrates the allure and desirability of the property. Tristan Harper of Douglas Elliman represented the Successor States to the Former SFR Yugoslavia in this historic transaction. It's a testament to the value and prestige associated with owning property on Fifth Avenue in Manhattan.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93