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.
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