David Rogers & Elizabeth Dexter Acquire Co-Op From William P. Lauder For $21.25M

A co-op located at 778 Park Avenue in the Upper East Side market has been sold for $21.25 million. The property is part of a broader trend showing price weakness for luxury co-ops in Manhattan, especially as compared to newer condominiums. The sale reflects a $3.7 million loss from the price paid by the seller in 2023.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $21,250,000
• Buyer: David Rogers & Elizabeth Dexter
• Seller: William P. Lauder
• Brokers: Cathy Franklin & Alexis Bodenheimer - The Corcoran Group

This transaction involved cosmetics billionaire William P. Lauder selling his co-op, highlighting the active participation of brokers Cathy Franklin and Alexis Bodenheimer from The Corcoran Group, representing the seller in this significant deal.