Rebekah Mercer & Sylvain Mirochnikof Acquire Penthouse & Condo In Lincoln Square For $28M
240 Riverside Boulevard, Manhattan, New York, NY, USA
$28,000,000
$1,988/SF
Building Size
14,079 SF
Asset Type
—
Closing
Aug 4, 2021
About this deal
AI
The sale involved a penthouse and condo property located at 240 Riverside Boulevard in Lincoln Square. The transaction took place on 08/05/2021. The property falls under the zoning regulations of R10 and C2-5.
Summary of transation details
- Property Type: Penthouse & Condo
- Transaction Amount: $28,000,000
- Address: 240 Riverside Boulevard, Lincoln Square
- Zoning: R10, C2-5
The buyers of the property were Rebekah Mercer and Sylvain Mirochnikof. The deal was facilitated by Jeff Adler from Douglas Elliman.
The property was sold for a total price of $28,000,000, with a total area of 14,079 square feet. This translates to a price per square foot (PPSF) of $1,988. The property had a floor area ratio (FAR) of 10.83 and a lot size of 29,770 square feet. The alteration permits of type 2 were issued on 10/01/2020. The lot dimensions measured 181.98 ft x 168.53 ft.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93