facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Co Op

/

Sale

/

925 Park Avenue

Jonathan Gray & Mindy Gray Sell Upper East Side Co-Op For $13M
SOLDCo-Op

Jonathan Gray & Mindy Gray Sell Upper East Side Co-Op For $13M

925 Park Avenue

$13,000,000

Building Size

Asset Type

Co-Op

Closing

May 20, 2024

AI

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.

Players

Hilary Landis

The Corcoran Group

Broker

$32.5M

vol

2 deals

Broker

New York Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93