Updated Dec 21, 2023
Eliot Spitzer Acquires Apartment In Carnegie Hill, Manhattan For $10.6M
985 5th Avenue, New York City, New York 10075, United States
$10,597,190
$103/SF
Building Size
102,075 SF
Asset Type
MultiFamily
Closing
May 19, 2022
About this deal
AI
The property involved in this transaction is an apartment located at 985 5th Ave in the Carnegie Hill neighborhood of Manhattan. The property has a total square footage of 102,075 and a price of $10,597,190. The building's floor area ratio (FAR) is 9.83, and the zoning classification is R10, PI. The property's tax class is 2. The lot size is 10,384 square feet, with dimensions of 76.5 feet by 115 feet. The property underwent an alteration permit on May 15, 2018.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $10,597,190
- Market: Carnegie Hill, Manhattan
- Buyer: Eliot Spitzer
- Price per Square Foot: $103
- Building Square Footage: 102,075
- Floor Area Ratio (FAR): 9.83
- Tax Class: 2
- Lot Size: 10,384 square feet
- Permits: Alteration 2 (05/15/2018)
- Lot Dimension: 76.5 ft x 115 ft
Eliot Spitzer was the buyer in this transaction.
On the Map
$10,597,190
$103/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93