Grant S. Johnson Purchases 888 Park Avenue Co-Op From Daniel And Joyce Straus For $12.3M
888 Park Avenue
$12,300,000
$3,236/SF
Building Size
3,800 SF
Asset Type
Co-Op
Closing
Dec 18, 2025
AI
A 3,800-square-foot co-op located at 888 Park Avenue in the Upper East Side has been sold for $12,300,000. The property is classified as a co-op and falls within the affluent market of Upper East Side. The sale price indicates a price per square foot of $3,237.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $12,300,000
- Sale Date: 12/18/2025
- Buyer: Grant S. Johnson
- Seller: Daniel Straus & Joyce Straus
- Broker: Adam Modlin & Andrew Nierenberg - Modlin Group
- Square Footage: 3,800
- Price per Square Foot: $3,237
Grant S. Johnson, a principal at Rudin Ventures and the grandson of developer Jack Rudin, purchased the property from sellers Daniel and Joyce Straus, who originally acquired it for $5,400,000 in 2009. This transaction reflects a significant increase in value over the years.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93