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Stephanie Flowers Purchases Co-Op At 983 Park Avenue From Vincent Giovanni For $4.9M

Property Image
SOLD
$5,200,000

New York

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Co-Op3,200 SF
Sold 06/12/2025
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Property Image
SOLD

Stephanie Flowers Purchases Co-Op At 983 Park Avenue From Vincent Giovanni For $4.9M

983 Park Avenue

See Similar Deals
Co-Op3,200 SF
Sold 06/12/2025
Contact now

Summary

NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$1,625
Total Square Footage:3,200 SF
Transaction Type:Sale

The property asset involved in this transaction is a co-op located at 983 Park Avenue in the Upper East Side market. The asking price for the property was $5,200,000, and it ultimately sold for $4,900,000. The total square footage of the asset is 3,200 square feet, resulting in a price per square foot of $1,531.

Summary of transaction details:

  • Property Type: Co-Op
  • Transaction Amount: $4,900,000
  • Asking Price: $5,200,000
  • Square Footage: 3,200
  • Price per Square Foot: $1,531
  • Buyer: Stephanie Flowers
  • Seller: Vincent Giovanni
  • Buyer's Representatives: David Hakim, Alexander Boriskin & Michael Lorber - Douglas Elliman

This transaction highlights the negotiation represented by David Hakim, Alexander Boriskin, and Michael Lorber. They acted on behalf of the buyer, Stephanie Flowers, guiding her through the purchasing process of this co-op in a desirable neighborhood.

Players

Michael Lorber
38 deals$262.5M volume
BROKER

Alexander Boriskin
Douglas Elliman
37 deals$242M volume
BROKER

David Hakim
Douglas Elliman
1 deal$5.2M volume(917) 626-2213
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: David Hakim, Alexander Boriskin & Michael Lorber DATE: 6/12/2025 ADDRESS: 983 Park Avenue MARKET: Upper East Side ASSET TYPE: Co-Op BUYER: Stephanie Flowers SELLER: Vincent Giovanni BUYER'S REP: David Hakim (@Kingeskandar), Alexander Boriskin (@AlexanderBoriskin) & Michael Lorber (@MichaelLorber) - Douglas Elliman (@DouglasElliman) ASKING PRICE: $5,200,000 SALE PRICE: $4,900,000 SF: 3,200 ~ PPSF: $1,531

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
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