Tarla Patel Acquires $17M Condo At 520 Park Avenue In Manhattan
520 Park Avenue
$17,000,000
$3,685/SF
Building Size
4,613 SF
Asset Type
Condo
Closing
Sep 18, 2023
About this deal
AI
Located at 520 Park Avenue in Lenox Hill, Manhattan, this condo property was recently sold. With a total square footage of 4,613, the condo was sold for a price of $17,000,000, resulting in a price per square foot of $3,685.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 520 Park Avenue, Lenox Hill, Manhattan
- Square Footage: 4,613
- Price per Square Foot: $3,685
The buyer of this condo property is Tarla Patel, while the seller is John Rodriguez. Both parties played a significant role in finalizing this transaction, with Tarla Patel securing the property as the buyer and John Rodriguez representing the seller's interests. This deal exemplifies the ongoing real estate activity and the involvement of diligent individuals in the property market.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
About $3.7K per square foot on a published $17M for 4,613 square feet (2023).
Browse New York condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93