Jardin 432 LLC Acquires Condo At 432 Park Avenue For $19.1M
432 Park Avenue, New York, NY, USA
$19,100,000
$7,254/SF
Building Size
2,633 SF
Asset Type
—
Closing
Aug 29, 2021
About this deal
AI
Located at 432 Park Avenue in the Plaza District, this condo property was recently sold in a closed transaction. The property is zoned as C5-3, C5-2.5, MID and has a lot size of 34,470 square feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $19,100,000
- Address: 432 Park Avenue, Plaza District
- Square Footage: 2,633
- Price Per Square Foot: $7,254
- Zoning: C5-3, C5-2.5, MID
- Last Sale Price: $18,967,712 (10/10/2016)
The buyer of the property is Jardin 432 LLC, while the seller is 432 Park 80A LLC. The transaction was brokered by Peter Gordenstein from Compass.
Players
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93