William Lauder Acquires Claudia Cohen's Co-op In New York For $24.95M
New York
$24,950,000
$4,536/SF
Building Size
5,500 SF
Asset Type
Co-Op
Closing
Jun 15, 2023
About this deal
AI
Makeup mogul William Lauder, executive director of the Estée Lauder Companies, has acquired a luxurious Co-op residence in New York for $24.95 million. The property was previously owned by Claudia Cohen, the late Page Six gossip queen. Lauder's purchase suggests his intention to combine his current apartment with the newly acquired property to create a duplex in the building.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $24,950,000
- Market: New York
- Buyer: William Lauder
- Broker: Steven Cohen - Douglas Elliman
- Square Footage: 5,500
- Price per Square Foot: $4,536
The deal was facilitated by broker Steven Cohen from Douglas Elliman. The transaction marks another significant investment by William Lauder, following his recent acquisition of Rush Limbaugh's Palm Beach mansion for $155 million.
On the Map
$24,950,000
$4,536/SF
Co-Op
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Players
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93