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
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