Sara Lee Schupf Acquires $10.75M Co-Op On Upper East Side
620 Park Avenue
$10,750,000
Building Size
—
Asset Type
Co-Op
Closing
Dec 10, 2023
AI
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.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93