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Jennifer Lopez Sells NoMad Condo At The Whitman For $24.99M

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SOLD
$24,990,000

New York

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Condo6,540 SF
Sold 04/17/2024
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Property Image
SOLD

Jennifer Lopez Sells NoMad Condo At The Whitman For $24.99M

21 East 26th Street

See Similar Deals
Condo6,540 SF
Sold 04/17/2024
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,821
Total Square Footage:6,540 SF
Transaction Type:Sale

The luxurious penthouse at The Whitman, located at 21 East 26th Street in NoMad, Manhattan, was sold by Jennifer Lopez. The condo, previously purchased by Lopez in 2017 for $20.1 million, boasts lavish amenities such as 12.5-foot-high ceilings, white oak floors, and nearly 3,000 square feet of outdoor space across four terraces. The final sale price for this property was $24,990,000 with a price per square foot of $3,821.

Summary of transaction details:

Chris Pomeroy and Richard Orenstein from Brown Harris Stevens represented Jennifer Lopez in the sale of her penthouse at The Whitman. The duplex property offered luxurious features and stunning views, making it a highly desirable asset in the heart of Manhattan's NoMad neighborhood. The transaction underscores the high-end real estate market in New York City and the influence of well-known individuals like Jennifer Lopez in property transactions.

Players

Chris Pomeroy
1 deal$25M volume(212) 381-2531
BROKER

Richard Orenstein
Brown Harris Stevens
1 deal$25M volume(212) 381-4248
BROKER

Details

SOLD
IMAGE: Chris Pomeroy, Jennifer Lopez & Richard Orenstein DATE: 04/17/2024 ADDRESS: 21 East 26th Street MARKET: NoMad, Manhattan ASSET TYPE: Condo SELLER: Jennifer Lopez (@JLo) BROKERS: Chris Pomeroy (@ChristopherPomeroy) & Richard Orenstein (@RichardOrenstein) - Brown Harris Stevens (@BrownHarrisStevens) SALE PRICE: $24,990,000 SF: 6,540 ~ PPSF: $3,821 NOTE: Jennifer Lopez has sold her luxurious penthouse at The Whitman overlooking Madison Square Park, although the final sale price and buyer remain undisclosed. The duplex, last listed for $24.99 million, was previously purchased by Lopez in 2017 for $20.1 million, featuring lavish amenities such as 12.5-foot-high ceilings, white oak floors, and nearly 3,000 square feet of outdoor space across four terraces.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,332,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,784.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,465.35
Annual Debt Service$1,421,584.19