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520 Park Avenue

Updated Nov 17, 2023

Maria C Rachadell De Rodriguez Acquires Condo On Park Avenue For $21.5M
SOLDCondo

Maria C Rachadell De Rodriguez Acquires Condo On Park Avenue For $21.5M

520 Park Avenue

$21,500,000

$115/SF

Building Size

186,653 SF

Asset Type

Condo

Closing

Jan 30, 2023

About this deal

AI

The property involved in the transaction is a condo located at 520 Park Avenue in the Lenox Hill neighborhood of Manhattan. The sale took place on January 30, 2023, and the asset type is a Condo. The buyer, Maria C Rachadell de Rodriguez, purchased the property from the seller, Bruce Cohen, for a total price of $21,500,000. The building has a total BSF (Building Square Footage) of 60,230, which translates to a price per BSF of $356. The property itself has a total square footage of 186,653, with a price per square foot of $115. The FAR (Floor Area Ratio) is 30.99, and the tax class is 2.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $21,500,000
  • BSF: 60,230 ~ PPBSF: $356
  • SF: 186,653 ~ PPSF: $115
  • FAR: 30.99
  • Tax Class: 2

Maria C Rachadell de Rodriguez served as the buyer in this transaction, while Bruce Cohen was the seller. The lot size is 6,023, with dimensions of 60 ft x 100.42 ft.

Players

Bruce Cohen

Seller

$51.8M

vol

4 deals

Seller

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Deal FAQ

About $115 per square foot on a published $21.5M for 186,653 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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