Jon Stryker Acquires Three Retail Condos At 445 5th Avenue From Gianluca Montalti For $21.6M
445 5th Avenue
$21,600,000
$1,278/SF
Building Size
16,899 SF
Asset Type
Condo
Closing
Sep 30, 2025
AI
Located at 445 5th Avenue in the Grand Central area of Manhattan, this property comprises three retail condo units. The total sale price reached $21,600,000, with a combined square footage of 16,899, resulting in a price per square foot of $1,278.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $21,600,000
- Buyer: Jon Stryker
- Seller: Gianluca Montalti - Torchlight Investors
- Square Footage: 16,899
- Price per Square Foot: $1,278
Jon Stryker's acquisition of these condo units from Gianluca Montalti, representing Torchlight Investors, expands his ownership to all 11 commercial condos within the tower, marking a significant investment in the property.
Players
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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93