James Dyson Acquires Penthouse Apt. At 520 Park Avenue For $73.8M
E 60th St, New York, NY 10022, USA
$73,800,000
$820/SF
Building Size
90,000 SF
Asset Type
Other
Closing
Nov 19, 2018
About this deal
AI
Located in Manhattan, the penthouse apartment at 520 Park Avenue was recently sold in a closed transaction. This luxurious property spans 9,000 square feet and boasts a price tag of $73,800,000. With a price per square foot of $8,200, this penthouse offers a truly exclusive living experience.
Summary of transation details
- Property Type: Penthouse Apt.
- Transaction Amount: $73,800,000
- Square Footage: 9,000
- Price per Square Foot: $8,200
The sellers of this remarkable penthouse were Zeckendorf Development and Global Holdings. On the other side of the deal, the property was acquired by James Dyson, known for his involvement with Dyson. With this purchase, Dyson has added a prestigious Manhattan penthouse to his portfolio.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93