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15 East 90th Street

SOLDCo-Op

The Corcoran Group Sells Manhattan Landmarked Emily Trevor Mansion For $26M

15 East 90th Street

$26,000,000

$2,135/SF

Building Size

12,173 SF

Asset Type

Co-Op

Closing

Dec 28, 2022

AI

The Emily Trevor Mansion, a Landmarked historical property located at 15 East 90th Street in New York City, has been sold for a total of $26,000,000. This Single Family Residential (SFR) asset spans over 12,000 square feet, offering a price per square foot (PPSF) of $2,136. The sale transaction was facilitated by Raphael Sitruk, David Mayer, and Michael Hania from The Corcoran Group, who represented the seller in this deal.

Summary of transaction details

The Emily Trevor Mansion, originally designed by Mott Schmidt, has recently undergone a comprehensive renovation and modernization, preserving its historical spirit, architecture, and style. The property is highlighted by two stunning terraces, adding to its unique charm and appeal.

It is worth noting that the offer for this property was accepted within a remarkable 43 days, which is 17 times faster than the industry average at this price point. The successful sale of the Emily Trevor Mansion further solidifies the expertise of the MSH Team, known for their exceptional real estate services in both New York and Miami.

Players

David Mayer

The Corcoran Group

Broker

$40.1M

vol

2 deals

Broker

New York City Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93