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Ken Griffin Of Citadel Acquires Duplex From Julia Koch At 740 Park Avenue For $45M
SOLD
$45,000,000
New York
See Similar DealsCo-Op8,500 SF
Sold 02/18/2025
SOLD
Ken Griffin Of Citadel Acquires Duplex From Julia Koch At 740 Park Avenue For $45M
740 Park Avenue
See Similar DealsCo-Op8,500 SF
Sold 02/18/2025
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$5,294
Total Square Footage:8,500 SF
Transaction Type:Sale
The co-op located at 740 Park Avenue in Manhattan features an 18-room duplex and was purchased by Ken Griffin for $45,000,000. The property spans 8,500 square feet, resulting in a price per square foot of $5,294.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $45,000,000
- Buyer: Ken Griffin
- Seller: Julia Koch
- Square Footage: 8,500
- Price Per Square Foot: $5,294
- Market: Manhattan
Julia Koch, the seller, is known as the widow of David Koch and continues to own multiple high-end properties, including a $70 million estate in Southampton and a stake in the Brooklyn Nets' parent company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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