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:
- Property Type: Condo
- Transaction Amount: $9,300,000
- Address: 12 East 88th Street
- Market: Carnegie Hill
- Square Footage: 4,000
- Price per Square Foot: $2,325
- Seller: 12ACD LLC
- Buyer's Representative: Amy Tucker Meltzer - Sloane Square Real Estate
- Seller's Representatives: Adam Modlin, Andrew Nierenberg & Amy Landy - Modlin Group
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
$9,300,000
$2,325/SF
Condo
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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