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768 Fifth Avenue #1109

Alexander Seligson Acquires Condo At 768 Fifth Avenue In Central Midtown Manhattan From Charles T Dowling For $65.8M
SOLDCondo

Alexander Seligson Acquires Condo At 768 Fifth Avenue In Central Midtown Manhattan From Charles T Dowling For $65.8M

$65,835,099

Building Size

Asset Type

Condo

Closing

Oct 23, 2023

AI

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.

Players

Alexander W Seligson

Buyer

$73.9M

vol

3 deals

Buyer

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93