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768 5th Avenue

Condo Unit Sold For $10.63M In Manhattan
SOLDCondo

Condo Unit Sold For $10.63M In Manhattan

768 5th Avenue

$10,625,000

Building Size

Asset Type

Condo

Closing

Feb 13, 2025

AI

The property involved in this transaction is a condominium located at 768 5th Avenue, Central Park South, Manhattan. The sale was completed on February 13, 2025, with a transaction amount of $10,625,000.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $10,625,000
  • Seller: Sandor Krauss
  • Buyer's Representative: Charlie Attias
  • Seller's Representative: Michael Passaro

This deal featured key individuals including the seller, Sandor Krauss, and the representatives, Charlie Attias, representing the buyer, and Michael Passaro, representing the seller. Each played an integral role in facilitating the successful close of this transaction.

Players

Michael Passaro

Douglas Elliman

Broker

$20.1M

vol

2 deals

Broker

Sandor Krauss

Seller

$154.3M

vol

14 deals

Seller

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

1.49%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93