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12 East 88th Street

Updated Sep 25, 2026

Trust Purchases Condo At 12 East 88th Street In Carnegie Hill For $9.3M With Brokers Adam Modlin Andrew Nierenberg Amy Landy And Amy Tucker Meltzer
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Trust Purchases Condo At 12 East 88th Street In Carnegie Hill For $9.3M With Brokers Adam Modlin Andrew Nierenberg Amy Landy And Amy Tucker Meltzer

12 East 88th Street

$9,300,000

$2,325/SF

Building Size

4,000 SF

Asset Type

Condo

Closing

Sep 24, 2026

About this deal

AI

The 4,000-square-foot penthouse at 12 East 88th Street, located in the Carnegie Hill market, was sold for $9,300,000. The property, which is categorized as a condo, had an asking price of $10,000,000 before the sale, equating to a price per square foot of $2,325.

Summary of transaction details:

A trust acquired the property in the transaction. The deal involved multiple representatives from different agencies, showcasing collaborative efforts in the sale process.

On the Map

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$9,300,000

$2,325/SF

Condo

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Players

Adam Modlin

Modlin Group

Broker

$1B

vol

33 deals

Broker
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New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

About $2.3K per square foot on a published $9.3M for 4,000 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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