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Sara Lee Schupf Acquires $10.75M Co-Op On Upper East Side
SOLD
$10,750,000
New York
See Similar DealsCo-Op
Sold 12/10/2023
SOLD
Sara Lee Schupf Acquires $10.75M Co-Op On Upper East Side
620 Park Avenue
See Similar DealsCo-Op
Sold 12/10/2023
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
Sara Lee Schupf, heiress to the Sara Lee frozen dessert fortune, purchased a co-op unit located at 620 Park Avenue on the Upper East Side. The transaction took place on December 10, 2023, with a sale price of $10,750,000. The property is a co-op in a prestigious location, offering a prime address on Park Avenue.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $10,750,000
- Address: 620 Park Avenue
- Market: Upper East Side
Sara Lee Schupf, known for her inheritance from the Sara Lee frozen dessert fortune, made the purchase. She acquired the property from Nina S. Brody, who acted as the seller in the deal. Serena Boardman of Sotheby's International Realty served as the broker, representing both the buyer and the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,192.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,960.48
Annual Debt Service$611,525.81
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