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16 5th Avenue

E5NYC, LLC Purchases Condo From Josh Zegen At 16 5th Avenue For $12.2M
SOLDCondo

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.

Players

Josh Zegen

Madison Realty Capital

Seller

$6.5B

vol

50 deals

Seller

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