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:
- Property Type: Co-Op
- Transaction Amount: $8,050,000
- Date: 05/04/2022
- Address: 857 5th Ave., Manhattan
- Buyer's Representative: Philip Scheinfeld & Sam Dahdal (Philip Scheinfeld Team) - Compass
- Seller's Representative: Stephanie Kanner - Fox Residential Group
- Buyer's Counsel: Sandor Krauss
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
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