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1125 Fifth Avenue, Manhatta...

Bette Midler & Martin Von Haselberg Sell Penthouse At 1125 Fifth Avenue For $45M
SOLDOther

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.

Players

John Burger

Brown Harris Stevens

Broker

$256.7M

vol

8 deals

Broker

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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