Jason Genrich And Sara Genrich Purchase Co-Op From Gregg Rechler For $10.5M In Upper East Side

A five-bedroom co-op located at 955 Park Avenue in the Upper East Side has been sold. The sale was finalized at a price of $10,500,000, representing a 10% discount from its initial asking price.

Summary of transation details:

• Property Type: Co-Op
• Transaction Amount: $10,500,000
• Buyer: Jason Genrich & Sara Genrich
• Seller: Gregg Rechler - Rechler Equity Partners
• Market: Upper East Side

The buyers, Jason Genrich, a hedge fund partner, and his wife, attorney Sara Genrich, have acquired the property from Gregg Rechler, who is affiliated with Rechler Equity Partners. This sale takes place as Rechler Equity Partners is in the process of selling a Hamptons industrial park for a potential $200 million record deal.