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730 5th Avenue

Apex Equity Ventures Co Purchases Condo From Vladislav Doronin For $20.3 Million In Manhattan
SOLDHotel

Apex Equity Ventures Co Purchases Condo From Vladislav Doronin For $20.3 Million In Manhattan

730 5th Avenue

$20,300,000

Building Size

Asset Type

Hotel

Closing

Aug 14, 2024

AI

The property involved in this transaction is a condo located at 730 5th Avenue in Manhattan. It is notable for its recent sale, where it fetched a price of $20,300,000. This sale marks the transfer of one of the remaining sponsor units within the Aman New York Residences, specifically unit No. 16B.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $20,300,000
  • Buyer: Apex Equity Ventures Co
  • Seller: Vladislav Doronin - OKO Group
  • Transaction Date: 08/14/2024
  • Involved Investor: Cattaliya Beevor
  • Market: Manhattan

This transaction was facilitated between Apex Equity Ventures Co, representing the buyer, and Vladislav Doronin of OKO Group as the seller. Additionally, Cattaliya Beevor, a notable Thai investor, played a significant role in the purchase process, further contributing to the deal's complexity.

Players

New York Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93