E5NYC, LLC Purchases Condo From Josh Zegen At 16 5th Avenue For $12.2M
16 5th Avenue
$12,200,000
$3,273/SF
Building Size
3,727 SF
Asset Type
Condo
Closing
Jun 10, 2026
AI
E5NYC, LLC has purchased a 3,727-square-foot condo at 16 5th Avenue in Manhattan from Josh Zegen, co-founder of Madison Realty Capital. The transaction settled at a price of $12.2 million, reflecting a rate of approximately $3,273 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,200,000
- Address: 16 5th Avenue, Manhattan
- Square Footage: 3,727
- Price Per Square Foot: $3,273
- Buyer: E5NYC, LLC
- Seller: Josh Zegen - Madison Realty Capital
Josh Zegen, a prominent figure in real estate, represented Madison Realty Capital as the seller in this transaction, securing a significant sale in the Manhattan market. The deal highlights E5NYC, LLC’s investment interest in the area.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93