Bette Midler & Martin Von Haselberg Sell Penthouse At 1125 Fifth Avenue For $45M
1125 Fifth Avenue, Manhattan, New York, NY, USA
$45,000,000
$635/SF
Building Size
70,830 SF
Asset Type
Other
Closing
Feb 18, 2021
AI
Bette Midler and Martin von Haselberg have sold their penthouse located at 1125 Fifth Avenue in the Carnegie Hill neighborhood. The property was sold for a total of $45,000,000. This stunning penthouse has a total square footage of 70,830 and a price per square foot of $635. The lot size is 6,791 and the penthouse falls under tax class 2. It is also worth mentioning that the penthouse has a zoning designation of R10, PI. The deal was facilitated by Brown Harris Stevens, with John Burger representing Bette Midler and Martin von Haselberg as their broker.
Summary of transaction details
- Property Type: Penthouse
- Transaction Amount: $45,000,000
- Address: 1125 Fifth Avenue
- Market: Carnegie Hill
- Square Footage: 70,830
- Price per Square Foot: $635
- Lot Size: 6,791
- Tax Class: 2
- Zoning: R10, PI
John Burger from Brown Harris Stevens played a crucial role in facilitating the sale of Bette Midler and Martin von Haselberg's penthouse at 1125 Fifth Avenue. It is worth noting that alterations were made to the property on December 26, 2019, under the permit for alteration type 1. The lot dimensions are 50 feet by 118.83 feet, providing ample space for this luxurious penthouse.
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93