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James Coulter & Phyllis Coulter Purchase Co-Op At 2 East 67th Street For $36M
SOLD
$36,000,000
New York
See Similar DealsCo-Op
Sold 06/27/2024
SOLD
James Coulter & Phyllis Coulter Purchase Co-Op At 2 East 67th Street For $36M
2 East 67th Street
See Similar DealsCo-Op
Sold 06/27/2024
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
A five-bedroom apartment located at 2 East 67th Street in the Upper East Side of Manhattan was sold for $36 million. The property was previously listed for $44.5 million.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $36,000,000
- Buyer: James Coulter & Phyllis Coulter
- Broker: Serena Boardman - Sotheby's International Realty
James Coulter, a billionaire private equity executive, and his wife, Phyllis Coulter, acquired the apartment. The notable transaction in Manhattan's high-end real estate market was facilitated by Serena Boardman of Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
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