Carnegie Hill Condo Sells For $24.7M, Represented By Corcoran Sunshine
180 E 88th St New York, NY 10128, USA
$24,700,000
$4,490/SF
Building Size
5,500 SF
Asset Type
Condo
Closing
Jul 17, 2023
About this deal
AI
The Carnegie Hill penthouse at 180 East 88th Street, located in the market of Carnegie Hill, has been sold in a cash deal. Developed by DDG, the condo boasts 5,500 square feet of space. The property was purchased by Kendall Roy, with Corcoran Sunshine acting as the broker representative. The sale price for the penthouse was $24,700,000, resulting in a price per square foot of $4,491.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $24,700,000
- Address: 180 East 88th Street
- Market: Carnegie Hill
The buyer, Kendall Roy, acquired the penthouse in a cash deal. Represented by Corcoran Sunshine, he secured the property at a price 15 percent below the reduced asking price. This transaction highlights the demand for luxury condominiums in the Carnegie Hill area and the expertise of Corcoran Sunshine in assisting clients with high-value purchases.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.5K per square foot on a published $24.7M for 5,500 square feet (2023).
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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