Arthur Zeckendorf & William Zeckendorf Sell Condo At 520 Park Avenue For $79 Million
520 Park Avenue
$79,000,000
$9,518/SF
Building Size
8,300 SF
Asset Type
Condo
Closing
Nov 21, 2024
About this deal
AI
The condo at 520 Park Avenue has a sale price of $79 million and encompasses 8,300 square feet. It is located in the Lenox Hill market, representing a significant transaction within the luxury residential sector.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $79,000,000
- Sale Price: $79,000,000
- Square Footage: 8,300
- Price Per Square Foot: $9,518
- Address: 520 Park Avenue
- Market: Lenox Hill
- Seller: Arthur Zeckendorf & William Zeckendorf - Zeckendorf Development
- Buyer's Representative: Louis Buckworth & Hannah Bomze - Casa Blanca
This transaction features Arthur Zeckendorf and William Zeckendorf as sellers, representing Zeckendorf Development. The deal is noteworthy as it marks the final sponsor sale in the building, which has achieved a total of $1.05 billion in sales across 35 residences. The undisclosed buyer will join notable neighbors, including the founder of Dyson.
On the Map
$79,000,000
$9,518/SF
Condo
View full map
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Hannah Bomze to view all their deals.
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93