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1 Central Park South, New Y...

Nick Agostinelli Of Elegran Acquires 1 Central Park South Condo For $19.95M
SOLD

Nick Agostinelli Of Elegran Acquires 1 Central Park South Condo For $19.95M

1 Central Park South, New York, NY, USA

$19,950,000

$4,640/SF

Building Size

4,299 SF

Asset Type

Closing

Jun 2, 2021

AI

1 Central Park South, Unit 509, located in the Central Park South market, was recently sold in a residential condominium transaction. The property, with an area of 4,299 square feet, was listed for $19,950,000, resulting in a price per square foot of $4,640. This luxurious residence offers stunning views of Central Park and is situated in a highly desirable location.

Summary of transaction details:

  • Property Type: Residential Condominium
  • Transaction Amount: $19,950,000
  • Market: Central Park South
  • Address: 1 Central Park South, Unit 509

The buyer was represented by Nick Agostinelli from Elegran, while the seller was represented by Charlie Attias from Compass. These experienced real estate professionals played crucial roles in facilitating the transaction, ensuring a smooth process for both parties involved.

Constructed in 1907, this historic "Astor Suite" carries a notable legacy as it was once occupied by prominent figures such as John Jacob Astor and John F. Kennedy. The property's rich history adds an extra layer of allure to its already impressive features and prime location.

Players

Charlie Attias

Compass

Broker

$70.5M

vol

5 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93