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50 1st Avenue

Will Zeckendorf And Eyal Ofer Sell Duplex At 50 United Nations Plaza For $28.5M
SOLDCondo

Will Zeckendorf And Eyal Ofer Sell Duplex At 50 United Nations Plaza For $28.5M

50 1st Avenue

$28,500,000

$2,938/SF

Building Size

9,700 SF

Asset Type

Condo

Closing

Dec 23, 2025

AI

A duplex condo located at 50 United Nations Plaza in Manhattan was sold for $28,500,000. The property spans 9,700 square feet, resulting in a price per square foot of $2,938. This sale price reflects a decrease of $10 million from its last asking price and is significantly lower than the initial $70 million sought in 2013.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $28,500,000
  • Square Footage: 9,700
  • Price per Square Foot: $2,938
  • Address: 50 United Nations Plaza
  • Market: Manhattan
  • Seller: Will Zeckendorf - Zeckendorf Development & Eyal Ofer - Global Holdings

Will Zeckendorf represents Zeckendorf Development in the transaction, while Eyal Ofer represents Global Holdings. The significant drop in sale price indicates a shift in market conditions since 2013 when the property was initially listed.

Players

Eyal Ofer

Global Holdings

Seller

$590.8M

vol

12 deals

Seller
Global Holdings
Global HoldingsSeller

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

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93