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165 Lexington Avenue

Menahem Chukroon Sells Condo At 165 Lexington Avenue In Kips Bay For $74.31M
SOLDCondo

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

Elan Benjamin

Douglas Elliman

Broker

$135M

vol

2 deals

Broker
Nest Seekers International
Nest Seekers InternationalBrokerage

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