Sotheby's International Realty Acquires Condo On Park Avenue For $9.6M
941 Park Avenue, New York City, New York 10028, United States
$9,600,000
$2,133/SF
Building Size
4,500 SF
Asset Type
—
Closing
Feb 6, 2022
AI
A luxury condo located at 941 Park Avenue in Manhattan has been sold for $9,600,000. Spanning 4,500 square feet, this impressive property offers ample space for its new owner. The price per square foot for this transaction stands at $2,133, highlighting the value of this exclusive residence.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,600,000
- Address: 941 Park Avenue
- Market: Manhattan
- Square Footage: 4,500
The buyer was represented by Jeremy Stein from Sotheby's International Realty, ensuring a smooth transaction for their client. On the other side, the sellers were Philip Scheinfeld and Sam Dahdal from Compass. Their expertise and dedication contributed to the success of this sale.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93