Daniel Schwartz And Rachel Schwartz Acquire Co-Op At 993 Fifth Avenue For $17.2M

The property involved in this transaction is a co-op duplex located at 993 Fifth Avenue in the Upper East Side. The sale price for this asset was $17,200,000. The unit spans over 5,000 square feet and has a price per square foot of $3,440. Notably, it features a private elevator, a grand marble foyer, and a 53-foot-wide terrace that overlooks Central Park.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $17,200,000
• Address: 993 5th Avenue
• Market: Upper East Side
• Square Footage: 5,000
• Price per Square Foot: $3,440
• Buyer: Daniel Schwartz & Rachel Schwartz
• Broker: Ryan Serhant - Serhant
• Date of Sale: 07/20/2024

The key individuals involved in this transaction include former Burger King CEO Daniel Schwartz, who, along with Rachel Schwartz, acquired the property. The broker representing the transaction was Ryan Serhant from Serhant, who facilitated the purchase of this notable duplex.