Adam Modlin & Andrew Nierenberg Of Modlin Group Represent Buyer In $9,990,000 Co-Op Sale At 911 Park Avenue
911 Park Avenue
$9,990,000
$2,895/SF
Building Size
3,450 SF
Asset Type
Co-Op
Closing
Jun 29, 2026
AI
The property asset involved in this transaction is a co-op located at 911 Park Avenue in the Upper East Side market. The sale price of the property was $9,990,000, and the total square footage is 3,450, which brings the price per square foot to $2,895.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $9,990,000
- Address: 911 Park Avenue
- Market: Upper East Side
- Square Footage: 3,450
- Price per Square Foot: $2,895
- Buyer's Representative: Adam Modlin & Andrew Nierenberg - Modlin Group
- Seller's Representative: Philip Scheinfeld & Alexa Horgan - Compass
- Buyer's Attorney: Sandor Krauss
Key individuals involved in the transaction include Adam Modlin and Andrew Nierenberg, representing the buyer through Modlin Group, while the seller was represented by Philip Scheinfeld and Alexa Horgan from Compass. Sandor Krauss served as the attorney for the buyer.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93