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Condo Unit Sold For $10.63M In Manhattan

Property Image
SOLD
$10,625,000

New York

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Condo
Sold 02/13/2025
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Property Image
SOLD

Condo Unit Sold For $10.63M In Manhattan

768 5th Avenue

See Similar Deals
Condo
Sold 02/13/2025
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Summary

NEW YORK
Asset Type:Condo
Transaction Type:Sale

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
2 deals$20.1M volume(917) 806-8213
BROKER

Details

SOLD
IMAGE: 02/13/2025 ADDRESS: 768 5th Avenue MARKET: Central Park South, Manhattan ASSET TYPE: Condo SELLER: Sandor Krauss BUYER'S REP: Charlie Attias (@CharlieAttias) SELLER'S REP: Michael Passaro SALE PRICE: $10,625,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$566,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,748.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,367.92
Annual Debt Service$604,415.05