Albert Rabizadeh Of Global Asset Management Acquires Condo In NoMad For $17M
325 5th Avenue
$17,000,000
$2,890/SF
Building Size
5,882 SF
Asset Type
Condo
Closing
Jun 29, 2026
AI
A condo located at 325 5th Avenue in NoMad, Manhattan has been sold for $17 million. The asset encompasses 5,882 square feet, resulting in a price per square foot of $2,890. The transaction highlights a significant commercial condominium unit in the Manhattan market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 325 5th Avenue, NoMad, Manhattan
- Square Footage: 5,882
- Price Per Square Foot: $2,890
- Buyer: Albert Rabizadeh - Global Asset Management
- Seller: John P. McCarthy
The deal features Albert Rabizadeh representing Global Asset Management as the buyer, while John P. McCarthy was the seller in this commercial transaction. This marks a notable event within the Manhattan property market.
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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93