Ken Griffin Of Citadel Acquires Duplex From Julia Koch At 740 Park Avenue For $45M
740 Park Avenue
$45,000,000
$5,294/SF
Building Size
8,500 SF
Asset Type
Co-Op
Closing
Feb 18, 2025
AI
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.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93