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Jonathan Gray & Mindy Gray Sell Upper East Side Co-Op For $13M
SOLD
$13,000,000
New York
See Similar DealsCo-Op
Sold 05/20/2024
SOLD
Jonathan Gray & Mindy Gray Sell Upper East Side Co-Op For $13M
925 Park Avenue
See Similar DealsCo-Op
Sold 05/20/2024
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
The five-bedroom co-op located at 925 Park Avenue in the Upper East Side was sold for $13,000,000, including two storage areas.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $13,000,000
- Address: 925 Park Avenue
- Market: Upper East Side
- Seller: Jonathan Gray & Mindy Gray
- Broker: Hilary Landis - The Corcoran Group
Jonathan Gray, Blackstone's COO, and his wife, Mindy, were the sellers of the property. Hilary Landis from The Corcoran Group represented them in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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