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515 Park Avenue, New York C...

Carolie Koc Acquires Condo On Park Avenue In Manhattan For $21M
SOLD

Carolie Koc Acquires Condo On Park Avenue In Manhattan For $21M

515 Park Avenue, New York City, New York 10022, United States

$21,000,000

$1,516/SF

Building Size

13,846 SF

Asset Type

Closing

Feb 23, 2022

AI

Carolie Koc has purchased a condominium at 515 Park Avenue in the Lenox Hill neighborhood of Manhattan. The sale took place on February 24, 2022, for a total price of $21,000,000. The condo spans a total of 13,846 square feet, resulting in a price per square foot of $1,516. The previous sale of the property occurred on April 22, 2005, for a price of $18,750,000.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $21,000,000
  • Address: 515 Park Avenue, Lenox Hill, Manhattan
  • Square Footage: 13,846
  • Price per Square Foot: $1,516
  • Buyer: Carolie Koc
  • Seller: Seth Rosenberg

The purchase of this condominium at 515 Park Avenue was facilitated by Seth Rosenberg, who represented the seller in the transaction.

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93