RFR Realty Acquires Co-op On Fifth Avenue From Robert Mnuchin For $18M
944 5th Avenue, New York City, New York 10011, United States
$18,000,000
Building Size
—
Asset Type
Other
Closing
Dec 30, 2022
About this deal
AI
A co-op located at 944 Fifth Avenue in Lenox Hill has been sold for $18,000,000. The transaction took place on December 30, 2022. The property was sold by Robert Mnuchin to RFR Realty, represented by Michael Fuchs. The deal was facilitated by Caroline Guthrie from Sotheby’s International Realty.
Summary of transaction details
- Property Type: Co-op
- Transaction Amount: $18,000,000
- Address: 944 Fifth Avenue
- Market: Lenox Hill
The sale of the co-op at 944 Fifth Avenue was completed on December 30, 2022. Michael Fuchs, representing RFR Realty, purchased the property from Robert Mnuchin. The transaction was brokered by Caroline Guthrie from Sotheby’s International Realty. The property, located in Lenox Hill, was sold for a total of $18,000,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93