Bob Knakal's 11th-Floor Condo At 737 Park Avenue In Lenox Hill, Manhattan Goes Into Contract For $13.45M
737 Park Avenue
$13,450,000
$2,850/SF
Building Size
4,719 SF
Asset Type
Condo
Closing
Oct 17, 2023
AI
A condo located on the 11th floor of 737 Park Avenue in Lenox Hill, Manhattan, has recently gone into contract. The seller of the property is Bob Knakal, a well-known figure in the real estate industry. The asking price for this condominium has remained unchanged at $13.45 million. This transaction occurred just one month after a broker swap, showcasing swift activity in the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,450,000
- Square Footage: 4,719
- Price Per Square Foot (PPSF): $2,850
- Address: 737 Park Avenue, Lenox Hill, Manhattan
In this deal, the primary brokers involved were Kayla Lee and Ryan Serhant from Serhant. They played a crucial role in facilitating the transaction and worked closely with both the buyer and the seller. It is worth mentioning that this condo attracted serious interest despite the unchanged asking price, demonstrating the desirability and potential value of this property.
Players
New York 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93