Kevin Wong Acquires 4,719 SF Condo At 737 Park Avenue For $13M
SOLD
$13,000,000
New York
See Similar DealsCondo4,719 SF
Sold 11/16/2023
SOLD
Kevin Wong Acquires 4,719 SF Condo At 737 Park Avenue For $13M
737 Park Avenue
See Similar DealsCondo4,719 SF
Sold 11/16/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,754
Total Square Footage:4,719 SF
Transaction Type:Sale
A condo located at 737 Park Avenue in Lenox Hill, Manhattan has been sold for a price of $13,000,000. The property spans a total of 4,719 square feet and has a price per square foot of $2,755.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Address: 737 Park Avenue
- Market: Lenox Hill, Manhattan
- Property Size: 4,719 square feet
- Price per Square Foot: $2,755
The seller of the property is Bob Knakal, while the buyer is represented by Kevin Wong from JW Realty. Kayla Lee from Serhant served as the seller's representative, and Jia Law Group acted as the buyer's counsel.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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