Terence Chan Acquires Condo At Aman New York For $62M From Seller Vlad Doronin And Broker Tal Alexander
730 5th Avenue
$62,000,000
$9,841/SF
Building Size
6,300 SF
Asset Type
Condo
Closing
Feb 5, 2024
AI
Vlad Doronin has sold a condo unit located at 730 5th Avenue in Midtown Manhattan. The transaction was completed on 02/05/2024 at a sale price of $62,000,000. The condo unit is a 6,300 square feet property, resulting in a price per square foot of $9,841.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $62,000,000
- Square Footage: 6,300
- Address: 730 5th Avenue
- Market: Midtown Manhattan
Terence Chan, the chairman of Bay Area Capital Partners in Hong Kong, was the buyer in this transaction. The seller of the condo unit was Vlad Doronin. Tal Alexander, from the agency Official, represented both parties as the broker in the deal.
It is worth noting that Terence Chan acquired the 24th-floor unit at the Aman New York luxury condo conversion in the Crown Building. This acquisition adds to Chan's portfolio of property assets.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93