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James Stephen Turner III Acquires Condo At 16 5th Avenue Manhattan From Josh Zegen For $16.5M
SOLD
$16,500,000
New York
See Similar DealsCondo3,727 SF
Sold 05/17/2026
SOLD
James Stephen Turner III Acquires Condo At 16 5th Avenue Manhattan From Josh Zegen For $16.5M
16 5th Avenue
See Similar DealsCondo3,727 SF
Sold 05/17/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$4,427
Total Square Footage:3,727 SF
Transaction Type:Sale
A 3,727-square-foot luxury condo unit located at 16 5th Avenue in Manhattan has been sold for $16.5 million. The transaction reflects a price of $4,427 per square foot, representing a premium market value.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,500,000
- Buyer: James Stephen Turner III
- Seller: Josh Zegen - Madison Realty Capital
- Square Footage: 3,727
- Price Per Square Foot: $4,427
This transaction involved James Stephen Turner III purchasing the property from Josh Zegen, who is affiliated with Madison Realty Capital. The deal showcases the high-value residential market in Manhattan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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