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Gregg E. Zehr & Kim M. Cooper Acquire Celebrity Photographer Annie Leibovitz's Co-Op For $10.625M

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SOLD
$10,625,000

New York

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Gregg E. Zehr & Kim M. Cooper Acquire Celebrity Photographer Annie Leibovitz's Co-Op For $10.625M

88 Central Park West

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Co-Op
Sold 02/16/2024
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Summary

NEW YORK
Asset Type:Co-Op
Transaction Type:Sale

Summary of transaction details

  • Property Type: Co-Op
  • Transaction Amount: $10,625,000
  • Address: 88 Central Park West, 5N
  • Market: Upper West Side, Manhattan
  • Buyer: Gregg E. Zehr & Kim M. Cooper
  • Seller: Annie Leibovitz
  • Broker: Deborah Kern - The Corcoran Group

Players

Deborah Kern
8 deals$445.9M volume
BROKER

Details

SOLD
IMAGE: Gregg E. Zehr, Annie Leibovitz & Deborah Kern DATE: 02/16/2024 ADDRESS: 88 Central Park West, 5N MARKET: Upper West Side, Manhattan ASSET TYPE: Co-Op BUYER: Gregg E. Zehr & Kim M. Cooper SELLER: Annie Leibovitz (@AnnieLeibovitz) BROKER: Deborah Kern (@Deborah.Kern) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $10,625,000 NOTE: Celebrity photographer Annie Leibovitz sold her Central Park West duplex for $10.625 million, $2 million over the asking price. The buyers are Gregg E. Zehr, formerly of Amazon, and Kim M. Cooper, a longtime general counsel at Apple.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$566,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,748.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,367.92
Annual Debt Service$604,415.05