Hilah Ruth Laulus Acquires Condo In Carnegie Hill, Manhattan For $13.25M
1045 Madison Avenue, New York City, New York 10075, United States
$13,250,000
$192/SF
Building Size
68,765 SF
Asset Type
Condo
Closing
Aug 4, 2022
About this deal
AI
Located at 1045 Madison Avenue in Carnegie Hill, Manhattan, this recently closed condominium sale offers a prime investment opportunity. The transaction took place on April 8, 2022, with Hilah Ruth Laulus purchasing the property from Yoseph Manor.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,250,000
- Address: 1045 Madison Avenue
- Market: Carnegie Hill, Manhattan
- Zoning: C5-1, MP
This 6,032-square-foot condo was sold at a price of $13,250,000, resulting in a price per square foot of $192. The building has a total area of 60,320 square feet, yielding a price per buildable square foot of $219. With a floor area ratio (FAR) of 11.40, this property offers significant development potential.
Notably, the tax class for this property is class 2. The lot has dimensions of 76 feet by 82 feet. An alteration permit was issued on September 30, 2021, providing scope for potential modifications.
Representing the buyer, Hilah Ruth Laulus, made this strategic acquisition through her own entity, while Yoseph Manor acted as the seller.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $192 per square foot on a published $13.3M for 68,765 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93