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
About this deal
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.
The co op sale at 925 Park Avenue in New York, New York sold for $13M in 2024. 925 Park Avenue is classified as Co Op on Traded. Hilary Landis, The Corcoran Group appear on the sale alongside The Corcoran Group. This page is the New York, New York file for the 925 Park Avenue co op sold: pricing, party profiles, and other closed co op comps from the same New York sit in the Market section below. Filter that New York co op set by closing date to see what else sold near 925 Park Avenue around 2024. Published consideration for 925 Park Avenue is $13M, dated 2024. Cite this Jonathan Gray & Mindy Gray Sell Upper East Side Co-Op For $13M sale when underwriting similar co op product around New York, New York.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93