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Josh Zegen Of Madison Realty Capital Finalizes $11.25M Sale Of Condo At 16 5th Avenue
SOLD
$11,250,000
New York
See Similar DealsCondo
Sold 04/29/2026
SOLD
Josh Zegen Of Madison Realty Capital Finalizes $11.25M Sale Of Condo At 16 5th Avenue
16 5th Avenue
See Similar DealsCondo
Sold 04/29/2026
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
A luxury condominium was sold for $11,250,000 located at 16 5th Avenue in Manhattan. The asset embodies high-value residential real estate in a prime urban location, reflecting the ongoing demand for premium properties in Manhattan.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,250,000
- Seller: Josh Zegen - Madison Realty Capital
- Sale Date: April 29, 2026
Josh Zegen's Madison Realty Capital finalized the sale, highlighting the firm’s activity in the high-end condominium market. The transaction underscores the presence of liquidity for upscale residential assets in key areas of Manhattan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87
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