Sophia & Andre Moura Acquire Co-op On Fifth Avenue For $17.5M From Seller Bruce Gelb & Broker Serena Boardman - Sotheby’s Realty
1060 5th Avenue, New York City, New York 10118, United States
$17,500,000
Building Size
—
Asset Type
Other
Closing
Oct 25, 2022
About this deal
AI
Located in the prestigious Carnegie Hill neighborhood, this co-op property at 1060 Fifth Avenue has recently been sold in a closed transaction. The sale, which took place on October 26, 2022, involved a purchase price of $17,500,000.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $17,500,000
- Address: 1060 Fifth Avenue
- Market: Carnegie Hill
The buyer of this property is Sophia & Andre Moura, while the seller is Bruce Gelb. Representing the seller in this transaction was Serena Boardman from Sotheby's Realty.
This sale represents a notable transaction in the luxury real estate market. With its prime Carnegie Hill location and impressive price point, this co-op property offers a coveted living experience in one of New York City's most desirable neighborhoods.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93