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760 Madison Avenue

Sabrina Saltiel Of Douglas Elliman Represents $32.5 Million Sale Of Penthouse At 760 Madison Avenue
SOLDCondo

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.

Players

Sabrina Saltiel

Douglas Elliman

Broker

$257.5M

vol

7 deals

Broker

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