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