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Alexander Seligson Acquires Condo At 768 Fifth Avenue In Central Midtown Manhattan From Charles T Dowling For $65.8M
SOLD
$65,835,099
New York
See Similar DealsCondo
Sold 10/23/2023
SOLD
Alexander Seligson Acquires Condo At 768 Fifth Avenue In Central Midtown Manhattan From Charles T Dowling For $65.8M
Condo
Sold 10/23/2023
Summary
Asset Type:Condo
Transaction Type:Sale
Alexander Seligson has purchased a condo located at 768 Fifth Avenue in Central Midtown, Manhattan. The property was sold by Charles T Dowling for a total price of $65,835,099.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $65,835,099
- Address: 768 Fifth Avenue, Central Midtown, Manhattan
The sale of the condo at 768 Fifth Avenue involved Alexander Seligson as the buyer and Charles T Dowling as the seller. Both parties successfully completed the transaction, with the condo changing ownership for a significant amount of $65,835,099.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,511,205.29
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$233,898.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$312,091.96
Annual Debt Service$3,745,103.48
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