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
About this deal
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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Deal FAQ
About $1.5K per square foot on a published $21M for 13,846 square feet (2022).
Browse New York sales on Traded.
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