Acquires 515 Park Avenue Condo For $12M With Buyer's Rep Adam Modlin And Seller's Rep Marlon Schwarcz
515 Park Avenue
$12,000,000
$2,181/SF
Building Size
5,500 SF
Asset Type
Condo
Closing
Jun 30, 2023
About this deal
AI
515 Park Avenue AB, located in Lenox Hill, Manhattan, has been sold in a recent transaction. The property is a condo with a size of 5,500 square feet. The sale price was $12,000,000, resulting in a price per square foot of $2,182. The buyer of the property is , while served as the seller.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,000,000
- Address: 515 Park Avenue AB
- Market: Lenox Hill, Manhattan
The buyer was represented by Adam Modlin from Modlin Group, and the seller was represented by Marlon Schwarcz from Nest Seekers International. Both brokers played a crucial role in facilitating the transaction between the buyer and seller.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93