Updated Oct 29, 2024
Spitzer Enterprises Acquires Multifamily Property At 800 5th Avenue In Lenox Hill For $115M
800 5th Ave, New York, NY 10065, USA
$115,000,000
$323/SF
Building Size
355,978 SF
Asset Type
MultiFamily
Closing
Nov 7, 2019
About this deal
AI
The multifamily property located at 800 5th Avenue in Lenox Hill has been involved in a closed transaction. The property spans across a total square footage of 355,978 and comprises of 208 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $115,000,000
- Address: 800 5th Avenue
- Market: Lenox Hill
Elliot Spitzer's Spitzer Enterprises served as the landlord in this transaction. First Republic Bank acted as the lender, providing a loan amount of $115,000,000.
The multifamily loan at 800 5th Ave, New York, NY 10065, USA in New York, New York financed for $115M in 2019. Reported inventory is 355,978 square feet across 208 units, or about 323 per square foot. This page is the New York, New York file for the 800 5th Ave, New York, NY 10065, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 800 5th Ave, New York, NY 10065, USA around 2019. Published consideration for 800 5th Ave, New York, NY 10065, USA is $115M, dated 2019. Cite this Spitzer Enterprises Acquires Multifamily Property At 800 5th Avenue In Lenox Hill For $115M loan when underwriting similar multifamily product around New York, New York.
Players
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Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93