Updated Sep 2, 2026
MultiFamily Property At 800 5th Avenue Sold For $800 Million In New York City
800 5th Avenue
$800,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 24, 2025
About this deal
AI
The transaction involved a multifamily asset located at 800 5th Avenue in New York City. The sale was finalized on March 24, 2025, for a price of $800,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $800,000,000.00
- Buyer: Miki Naftali (Naftali Group)
- Seller: Eliot Spitzer (Spitzer Enterprises)
- Brokers: Adam Spies (Newmark), Douglas (Doug) Harmon (Newmark), Adam Doneger (Newmark), Marcella Fasulo (Newmark)
The brokers representing the parties in this transaction included multiple professionals from Newmark, indicating a collaborative effort in facilitating the deal. The involvement of both a prominent buyer and seller reflects the significance of the transaction in the New York City real estate market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93