Permanent Mission Of Serbia Sells SFR On Fifth Avenue For $50M With Brokers Tristan Harper & Nikki Field
854 5th Avenue, New York City, New York 10118, United States
$50,000,000
$2,500/SF
Building Size
20,000 SF
Asset Type
Single Family Residence
Closing
Sep 27, 2022
AI
The sale of a single-family residence (SFR) located at 854 Fifth Avenue in Manhattan has been completed. The property, spanning approximately 20,000 square feet, was sold for a total price of $50,000,000, resulting in a price per square foot of $2,500. The seller of the property was the Permanent Mission of Serbia to the United Nations.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $50,000,000
- Address: 854 Fifth Avenue
- Market: Manhattan
- Square Footage: 20,000
- Price Per Square Foot: $2,500
The sale was facilitated by two brokers. Tristan Harper represented the seller and was affiliated with Douglas Elliman, while Nikki Field served as the representative for Sotheby’s International Realty in the transaction.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93