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854 5th Avenue, New York Ci...

Permanent Mission Of Serbia Sells SFR On Fifth Avenue For $50M With Brokers Tristan Harper & Nikki Field
SOLDSingle Family Residence

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

Nikki Field

Sotheby's International Realty

Broker

$599.8M

vol

10 deals

Broker

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