Adam Modlin Of Modlin Group Represents Buyer In $46M Sale Of Upper East Side SFR
SOLD
$46,000,000
New York
See Similar DealsSingle Family Residence16,000 SF
Sold
SOLD
Adam Modlin Of Modlin Group Represents Buyer In $46M Sale Of Upper East Side SFR
973 5th Avenue
See Similar DealsSingle Family Residence16,000 SF
Sold
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2875
Total Square Footage:16000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,453,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62
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