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857 5th Avenue, New York Ci...

Philip Scheinfeld Team Acquires Co-Op At 857 5th Ave. For $8.05M
SOLDOther

Philip Scheinfeld Team Acquires Co-Op At 857 5th Ave. For $8.05M

857 5th Avenue, New York City, New York 10011, United States

$8,050,000

Building Size

Asset Type

Other

Closing

May 3, 2022

AI

Summary of transaction details:

Philip Scheinfeld, Sam Dahdal, and Sandor Krauss represented the buyer in the purchase of a Co-Op property located at 857 5th Ave. in Manhattan. Stephanie Kanner, from Fox Residential Group, acted as the seller's representative. The sale price for the transaction was $8,050,000.

Players

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 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

1.97%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93