Jeffrey Intel Purchases 812 Park Avenue Co-Op From Sandor Krauss For $8.4M
812 Park Avenue
$8,500,000
$2,741/SF
Building Size
3,100 SF
Asset Type
Co-Op
Closing
Mar 28, 2025
AI
The co-op located at 812 Park Avenue, Lenox Hill, Manhattan, encompasses a total square footage of 3,100. The property was sold for $8,400,000, having originally been listed at an asking price of $8,500,000, resulting in a price per square foot of $2,710.
Summary of transation details:
- Property Type: Co-Op
- Transaction Amount: $8,400,000
- Address: 812 Park Avenue, Lenox Hill, Manhattan
- Asking Price: $8,500,000
- Sale Price: $8,400,000
- Square Footage: 3,100
- Price per Square Foot: $2,710
- Buyer: Jeffrey Intel
- Seller: Sandor Krauss
- Seller's Representative: Michael Lorber & Alexander Boriskin - Douglas Elliman
In this transaction, Jeffrey Intel is the buyer, while Sandor Krauss serves as the seller. The seller's representatives, Michael Lorber and Alexander Boriskin, are affiliated with Douglas Elliman, playing an integral role in facilitating the deal.
Players
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93