Allison Stadelmaier And Frank Stadelmaier Purchase Co-Op From Trace McCreary For $8.5M

A co-op property located at 1060 Park Avenue in the Carnegie Hill market has been sold. The transaction closed at a price of $8,500,000 for an asset with a total square footage of 4,000. The price per square foot amounts to $2,125.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $8,500,000
• Address: 1060 Park Avenue
• Market: Carnegie Hill
• Square Footage: 4,000
• Price per Square Foot: $2,125
• Buyer: Allison Stadelmaier & Frank Stadelmaier
• Seller: Trace McCreary

Frank Stadelmaier, who is the COO of TPG Angelo Gordon and part of the ownership group behind Industry City, was a key figure in this transaction, purchasing the five-bedroom co-op along with his wife, Allison Stadelmaier.