Menahem Chukroon Sells Condo At 165 Lexington Avenue In Kips Bay For $74.31M
165 Lexington Avenue
$74,315,000
$1,783/SF
Building Size
41,664 SF
Asset Type
Condo
Closing
Jun 30, 2025
AI
This transaction involves a condominium property located at 165 Lexington Avenue in the Kips Bay neighborhood of Manhattan. The asset features a total sale price of $74,315,000 and offers 41,664 square feet of space, with a price per square foot of $1,783.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $74,315,000
- Address: 165 Lexington Avenue
- Market: Kips Bay, Manhattan
- Square Footage: 41,664
- Price Per Square Foot: $1,783
- Seller: Menahem Chukroon
- Broker Representatives: Elan Benjamin, Bianca D'Alessio & Annael Kamar - Nest Seekers International
- Total Units Sold: 43
- Total Sellout Value: $74,315,000
The sold-out condominium project at 165 Lexington Avenue was represented by Nest Seekers International, led by Annael Kamar, Elan Benjamin, and Bianca D'Alessio. The team achieved significant market success, finalizing sales marking a major milestone for both the project and the Kips Bay neighborhood.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93