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
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