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960 5th Avenue

Estate Of Anne Hendricks Bass Sells Co-Op On 5th Avenue For $53.5M With Broker Alexa Lambert
SOLDCo-Op

Estate Of Anne Hendricks Bass Sells Co-Op On 5th Avenue For $53.5M With Broker Alexa Lambert

960 5th Avenue

$53,500,000

Building Size

Asset Type

Co-Op

Closing

Jan 15, 2025

AI

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

Alexa Lambert

Compass

Broker

$260.4M

vol

9 deals

Broker

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

0.30%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93