SOLDCo-Op
Janice Burns Sells Upper East Side Co-Op At 2 East 70th Street For $22.5M
2 East 70th Street
$22,500,000
Building Size
—
Asset Type
Co-Op
Closing
Sep 15, 2026
About this deal
AI
A buyer signed a contract for a co-op at 2 East 70th Street in the Upper East Side. The property was sold for $22,500,000, which is 22% below its original asking price of $29,000,000 from 2016. The home returned to the market following the passing of the late hotelier Robert Burns.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $22,500,000
- Address: 2 East 70th Street
- Market: Upper East Side
- Seller: Janice Burns
- Broker: Louise Phillips Forbes - Brown Harris Stevens
The transaction involved Janice Burns as the seller, with representation provided by broker Louise Phillips Forbes from Brown Harris Stevens. This deal took place in the context of the property returning to market after the death of Robert Burns, marking a significant transaction for the Upper East Side area.
On the Map
$22,500,000
Co-Op
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Players
Kansas City Co-Op Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93