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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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