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325 5th Avenue

Albert Rabizadeh Of Global Asset Management Acquires Condo In NoMad For $17M
SOLDCondo

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.

Players

Albert Rabizadeh

Global Asset Management

Buyer

$127.7M

vol

12 deals

Buyer

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