Greg Smith Acquires Co-Op At 840 Park Avenue From Valery Source For $9.115M
840 Park Avenue
$9,115,000
$2,278/SF
Building Size
4,000 SF
Asset Type
Co-Op
Closing
Oct 9, 2024
AI
The property asset involved in this transaction is a Co-Op located at 840 Park Avenue in the Lenox Hill market. The sale price was $9,115,000, and the property encompasses a total space of 4,000 square feet, resulting in a price per square foot of $2,278.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $9,115,000
- Address: 840 Park Avenue
- Market: Lenox Hill
- Square Footage: 4,000
- Price per Square Foot: $2,278
- Buyer: Greg Smith
- Seller: Valery Source
- Broker Representatives: Michael Lorber & Alexander Boriskin - Douglas Elliman
This transaction was facilitated by brokers Michael Lorber and Alexander Boriskin from Douglas Elliman, representing the buyer and seller in this real estate deal. Their involvement played a critical role in the successful completion of the transaction.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93