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812 Park Avenue

Jeffrey Intel Purchases 812 Park Avenue Co-Op From Sandor Krauss For $8.4M
SOLDCo-Op

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

Michael Lorber

Douglas Elliman

Broker

$262.5M

vol

38 deals

Broker

Sandor Krauss

Seller

$154.3M

vol

14 deals

Seller

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