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870 1st Avenue

SOLDCo-Op

Robert F. Kennedy's Former Co-Op At 870 1st Avenue Sold For $1.99M

870 1st Avenue

$1,990,000

$995/SF

Building Size

2,000 SF

Asset Type

Co-Op

Closing

Aug 20, 2026

AI

870 1st Avenue, located in Manhattan, is a three-bedroom co-op that has been sold for $1,990,000. The property encompasses 2,000 square feet, resulting in a price per square foot of $995. This marks a significant transaction as this residence had not changed hands in over 50 years.

Summary of transaction details:

  • Property Type: Co-Op
  • Transaction Amount: $1,990,000
  • Square Footage: 2,000
  • Price Per Square Foot: $995
  • Address: 870 1st Avenue
  • Market: Manhattan
  • Broker: Mary Barbrack - Compass

Mary Barbrack represented the transaction as the broker, facilitating the sale after a bidding war. Robert F. Kennedy’s former co-op at 860-870 United Nations Plaza is noted as the former residence involved in this transaction.

Players

Mary Barbrack

Compass

Broker

$2M

vol

1 deal

Broker

New York Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.97%

Cash-on-Cash

-2.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93