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973 5th Avenue

Adam Modlin Of Modlin Group Represents Buyer In $46M Sale Of Upper East Side SFR
SOLDSingle Family Residence

Adam Modlin Of Modlin Group Represents Buyer In $46M Sale Of Upper East Side SFR

973 5th Avenue

$46,000,000

$2,875/SF

Building Size

16,000 SF

Asset Type

Single Family Residence

Closing

May 20, 2025

AI

The property asset involved in the transaction is a single-family residence located at 973 5th Avenue in the Upper East Side market. The sale price for the property was $46,000,000, and it encompasses a total square footage of 16,000, resulting in a price per square foot of $2,875.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $46,000,000
  • Square Footage: 16,000
  • Price Per Square Foot: $2,875
  • Address: 973 5th Avenue
  • Market: Upper East Side
  • Buyer's Representative: Adam Modlin - Modlin Group

This transaction was facilitated by Adam Modlin, representing the buyer through Modlin Group, ensuring the completion of the sale of this significant Upper East Side property.

Players

Adam Modlin

Modlin Group

Broker

$1B

vol

30 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93