16 Fifth Avenue No. 16 A Trust Acquires Manhattan Condo From Josh Zegen For $15.4M
16 5th Avenue
Building Size
—
Asset Type
Condo
Closing
Apr 20, 2026
AI
A condo located at 16 5th Avenue in Manhattan was sold for $15,400,000. The transaction highlights a significant exchange within the luxury residential market, facilitated by Madison Realty Capital.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,400,000
- Buyer: 16 Fifth Avenue No. 16 A Trust - Scott Segal as Trustee
- Seller: Josh Zegen - Madison Realty Capital
Josh Zegen, representing Madison Realty Capital, executed a noteworthy transaction in the luxury real estate sector with this sale, cementing the firm's presence in the Manhattan market.
New York Condo Market Snapshot
Boundary boundary · Condo · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93