SOLDCo-Op
David And Deborah Schoeman Purchase Co-Op On East 72nd Street For $4.9 Million
340 East 72nd Street
$4,900,000
$1,580/SF
Building Size
3,100 SF
Asset Type
Co-Op
Closing
Sep 30, 2026
About this deal
AI
340 East 72nd Street is a four-bedroom co-op located in the Upper East Side market, recently sold for $4,900,000. The expansive asset encompasses 3,100 square feet, with a price per square foot of $1,581. The sale matched the sellers' asking price set in May.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $4,900,000
- Buyer: David & Deborah Schoeman
- Seller: Faith Kates & Jeffrey Kogan
- Broker: Lauren Muss - Douglas Elliman
Lauren Muss represented the sellers, Faith Kates and Jeffrey Kogan, in this transaction. The deal highlights the involvement of experienced professionals in the high-value real estate market of New York City.
On the Map
$4,900,000
$1,580/SF
Co-Op
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Players
New York 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93