Jack Haddad And Michelle Haddad Acquire Co-Op From Jimmy Cayne For $4.5 Million On Park Avenue

The asset involved in this transaction is a co-op located at 510 Park Avenue within the Upper East Side market. The property was sold for $4,500,000, representing a significant reduction from its original asking price of $15 million. This co-op had been on the market for over a decade since it was first listed in 2013 before finally closing this sale.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $4,500,000
• Buyer: Jack Haddad & Michelle Haddad
• Seller: Jimmy Cayne
• Broker: Loy Carlos - Nest Seekers International

This transaction involved Jimmy Cayne completing the sale of his longtime Park Avenue co-op. Loy Carlos from Nest Seekers International represented the seller in this deal, indicating the professional brokerage engagement throughout the transaction process.