Hrishikesh Gupta Purchases Condo From Zeckendorf Development For $7.5M In Carnegie Hill
1289 Lexington Avenue
$7,500,000
$2,138/SF
Building Size
3,508 SF
Asset Type
Condo
Closing
Sep 19, 2024
About this deal
AI
The property asset involved in the transaction is a condo located at 1289 Lexington Avenue in the Carnegie Hill market of Manhattan. The sale price of the condo is $7,500,000, encompassing a total square footage of 3,508, which results in a price per square foot of $2,137.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,500,000
- Address: 1289 Lexington Avenue
- Market: Carnegie Hill, Manhattan
- Square Footage: 3,508
- Price Per Square Foot: $2,137
- Buyer: Hrishikesh Gupta
- Seller: Zeckendorf Development
- Broker: Sunny Barot - The Corcoran Group
Key individuals involved in the deal include Hrishikesh Gupta, who acted as the buyer, and Zeckendorf Development, representing the seller in this transaction. The brokerage representing the buyer is Sunny Barot from The Corcoran Group, facilitating the sale of the property.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $7.5M for 3,508 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93