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740 Park Avenue

Ken Griffin Of Citadel Acquires Duplex From Julia Koch At 740 Park Avenue For $45M
SOLDCo-Op

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

Ken Griffin

Citadel

Buyer

$993M

vol

20 deals

Buyer

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93