Sabrina Saltiel Of Douglas Elliman Represents $32.5 Million Sale Of Penthouse At 760 Madison Avenue
760 Madison Avenue
$32,500,000
$7,708/SF
Building Size
4,216 SF
Asset Type
Condo
Closing
Jul 22, 2024
AI
The penthouse at 760 Madison Avenue, Unit PH11, located in Lenox Hill, Manhattan, is a condo that has been marked under contract for a price of $32,500,000. The property encompasses 4,216 square feet and is valued at $7,709 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $32,500,000
- Address: 760 Madison Avenue Unit PH11
- Market: Lenox Hill, Manhattan
- Square Footage: 4,216
- Price per Square Foot: $7,709
- Broker: Sabrina Saltiel - Douglas Elliman
This transaction continues the trend of high-value deals in the luxury market, with the Giorgio Armani Residences in Manhattan featuring prominently. Sabrina Saltiel of Douglas Elliman represented the broker side of this deal, contributing to its significance within the current real estate landscape.
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93