Kevin Wong Acquires 4,719 SF Condo At 737 Park Avenue For $13M
737 Park Avenue
$13,000,000
$2,754/SF
Building Size
4,719 SF
Asset Type
Condo
Closing
Nov 16, 2023
About this deal
AI
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.
On the Map
$13,000,000
$2,754/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.8K per square foot on a published $13M for 4,719 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93