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16 5th Avenue

SOLDCondo

Josh Zegen Of Madison Realty Capital Sells 16 Fifth Avenue Condo For $45 Million

16 5th Avenue

$45,000,000

$6,617/SF

Building Size

6,800 SF

Asset Type

Condo

Closing

Apr 27, 2026

AI

A penthouse at 16 5th Avenue in Greenwich Village has gone under contract. This condo spans 6,800 square feet and is listed at a sale price of $45,000,000, which translates to a price per square foot of $6,618. The property is part of a development designed by Robert A.M. Stern and highlights the sustained demand and pricing strength within the high-end Downtown Manhattan market.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $45,000,000
  • Address: 16 5th Avenue
  • Market: Greenwich Village
  • Sales Agent: Tara King Brown - The Corcoran Group
  • Sales Agent: Ryan Kaplan - The Corcoran Group
  • Seller: Josh Zegen - Madison Realty Capital
  • Square Footage: 6,800
  • Price Per Square Foot: $6,618

This transaction is represented by brokers Tara King Brown and Ryan Kaplan from The Corcoran Group, who are assisting the seller, Josh Zegen from Madison Realty Capital. Their involvement is crucial in navigating the complexities of high-end real estate transactions in this competitive market.

Players

Tara King Brown

The Corcoran Group

Broker

$57.3M

vol

4 deals

Broker
Madison Realty Capital
Madison Realty CapitalSeller

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93