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
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
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