Lea Voytovich & Albert Sultan Facilitate $13.75M Sale Of Office In Midtown Manhattan
420 5th Avenue
$13,750,000
$763/SF
Building Size
18,003 SF
Asset Type
Office
Closing
Apr 5, 2024
About this deal
AI
The office property located at 420 Fifth Avenue - 15th Floor in Midtown Manhattan was recently sold for $13,750,000. Spanning 18,003 square feet, the property was transacted at a price per square foot of $764.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $13,750,000
- Address: 420 Fifth Avenue - 15th Floor
- Market: Midtown Manhattan
- SF: 18,003
- PPSF: $764
- Brokers: Lea Voytovich & Albert Sultan - KSR
Lea Voytovich and Albert Sultan from KSR represented the parties involved in the transaction as the brokers enlisted to facilitate the sale of the office property.
On the Map
$13,750,000
$763/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93