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911 Park Avenue

Adam Modlin & Andrew Nierenberg Of Modlin Group Represent Buyer In $9,990,000 Co-Op Sale At 911 Park Avenue
SOLDCo-Op

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:

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

Adam Modlin

Modlin Group

Broker

$1B

vol

30 deals

Broker

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