Daily limit: 0/10
Estate Of Anne Hendricks Bass Sells Co-Op On 5th Avenue For $53.5M With Broker Alexa Lambert
SOLD
$53,500,000
New York
See Similar DealsCo-Op
Sold 01/15/2025
SOLD
Estate Of Anne Hendricks Bass Sells Co-Op On 5th Avenue For $53.5M With Broker Alexa Lambert
960 5th Avenue
See Similar DealsCo-Op
Sold 01/15/2025
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
A unit at 960 5th Avenue in Manhattan sold for $53,500,000. This co-op features 8 bedrooms and 7 bathrooms, along with two staff rooms and views of Central Park.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $53,500,000
- Address: 960 5th Avenue
- Market: Manhattan
- Seller: Estate of Anne Hendricks Bass
- Broker: Alexa Lambert - Compass
The sale represents the most expensive co-op transaction of the year so far, highlighting the competitive nature of the Manhattan real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$190,074.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$253,617.29
Annual Debt Service$3,043,407.53
Is there something missing? Send suggestions