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Malus Syvestris Purchases Upper East Side Co-Op From Mindy Papp For $3.8M
SOLD
$3,800,000
New York
See Similar DealsCo-Op2,000 SF
Sold
SOLD
Malus Syvestris Purchases Upper East Side Co-Op From Mindy Papp For $3.8M
East 79th Street
See Similar DealsCo-Op2,000 SF
Sold
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$1900
Total Square Footage:2000 SF
Transaction Type:Sale
The co-op located on East 79th Street in the Upper East Side has a sale price of $3,800,000. The asset encompasses 2,000 square feet, equating to a price per square foot of $1,900.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $3,800,000
- Buyer: Malus Syvestris
- Square Footage: 2,000
- Price per Square Foot: $1,900
- Market: Upper East Side
- Sale Date: February 3, 2026
Mindy Papp's penthouse co-op, purchased in 2012 for the same amount, features prewar-style interiors and 19th-century furnishings. The sale to Malus Syvestris was finalized after the property was listed in 2025 for $5 million, and closed on January 29, 2026.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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