Sotheby's International Realty Acquires Condo On Park Avenue For $9.6M
SOLD
$9,600,000
New York
See Similar Deals4,500 SF
Sold
SOLD
Sotheby's International Realty Acquires Condo On Park Avenue For $9.6M
941 Park Avenue, New York City, New York 10028, United States
See Similar Deals4,500 SF
Sold
Summary
NEW YORK
Price Per Square Foot:$2133
Total Square Footage:4500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$511,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77
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