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Kimberly & Jeffrey Greenberg Sells Upper East Side Co-Op For $8.2M
SOLD
$8,200,000
New York
See Similar DealsCo-Op
Sold 05/13/2024
SOLD
Kimberly & Jeffrey Greenberg Sells Upper East Side Co-Op For $8.2M
950 Park Avenue
See Similar DealsCo-Op
Sold 05/13/2024
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
The Co-Op located at 950 Park Avenue in Upper East Side was recently sold for $8.2 million. The sellers, Kimberly & Jeffrey Greenberg, finalized the transaction of their apartment.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $8,200,000
- Address: 950 Park Avenue
- Market: Upper East Side
- Seller: Kimberly & Jeffrey Greenberg
Jeffrey Greenberg, the chairman of buyout firm Aquiline Capital and former head of Marsh McLennan, has sold the property after purchasing a new home on the West Side. This sale marks a significant transition for the Greenberg family.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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