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1049 5th Avenue

Nina & Cacau Corporation Acquires Condo On Upper East Side For $3.85M With Brokers Nile Lundgren & Samir Vogan And Stan Ponte
SOLDCondo

Nina & Cacau Corporation Acquires Condo On Upper East Side For $3.85M With Brokers Nile Lundgren & Samir Vogan And Stan Ponte

1049 5th Avenue

$3,850,000

$2,103/SF

Building Size

1,830 SF

Asset Type

Condo

Closing

Sep 12, 2025

AI

The condo located at 1049 5th Avenue in the Upper East Side is a recently sold property with a sale price of $3,850,000. The asset measures 1,830 square feet, resulting in a price per square foot of $2,103.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,850,000
  • Buyer: Nina & Cacau Corporation
  • Seller: The Roy Joseph Salame Revocable Trust
  • Buyer's Representative: Nile Lundgren & Samir Vogan - Serhant
  • Seller's Representative: Stan Ponte - Sotheby's International Realty

The transaction highlights key representatives in the deal, with Nile Lundgren and Samir Vogan from Serhant representing the buyer, while Stan Ponte represents the seller through Sotheby's International Realty.

Players

Nile Lundgren

Serhant

Broker

$81.2M

vol

9 deals

Broker
Serhant
SerhantBrokerage

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93