Josh Zegen Of Madison Realty Capital Finalizes $11.25M Sale Of Condo At 16 5th Avenue
16 5th Avenue
$11,250,000
Building Size
—
Asset Type
Condo
Closing
Apr 29, 2026
AI
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.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93