Asher Alcobi & Tal Alexander Complete $27.5M Condo Sale On 432 Park Avenue
432 Park Ave
$27,500,000
$6,842/SF
Building Size
4,019 SF
Asset Type
Condo
Closing
Mar 1, 2024
About this deal
AI
The property involved in this transaction is a condo located at 432 Park Avenue, 67B in Midtown Manhattan. The sale price for this property was $27,500,000 with a total square footage of 4,019, resulting in a price per square foot of $6,842.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $27,500,000
- Address: 432 Park Avenue, 67B
- Market: Midtown Manhattan
- Buyers Rep: Asher Alcobi - Peter Ashe Real Estate
- Sellers Rep: Tal Alexander - Official
- SF: 4,019
- PPSF: $6,842
Asher Alcobi from Peter Ashe Real Estate represented the buyer in this transaction, while Tal Alexander from Official represented the seller. The property at 432 Park Avenue, 67B, in Midtown Manhattan, changed ownership for $27,500,000, demonstrating a significant real estate deal in this prime location.
On the Map
$27,500,000
$6,842/SF
Condo
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New York Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93