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Chella Safra Purchases Upper East Side Co-Op At 907 5th Avenue For $37.5M
SOLD
$37,500,000
New York
See Similar DealsCo-Op
Sold
SOLD
Chella Safra Purchases Upper East Side Co-Op At 907 5th Avenue For $37.5M
907 5th Avenue
See Similar DealsCo-Op
Sold
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
A 12th-floor co-op located at 907 Fifth Avenue, in the Upper East Side, was sold for $37.5 million. The asset involves a cooperative living arrangement, indicating it is part of a shared building with individual ownership of units. The sale occurred in an off-market transaction.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $37,500,000
- Buyer: Chella Safra
- Broker: Adam Modlin - Modlin Group
- Address: 907 5th Avenue
- Market: Upper East Side
Chella Safra, the buyer, is characterized as the widow of prominent Brazilian banker Moise Safra, indicating her notable social and financial background that may influence the context of the purchase.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,999,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$133,229.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$177,769.13
Annual Debt Service$2,133,229.58
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