Rodney Propp Sells Upper East Side Condo For $21M
Upper East Side
$21,000,000
$2,826/SF
Building Size
7,430 SF
Asset Type
Condo
Closing
Jul 11, 2023
About this deal
AI
A custom three-story penthouse located on the Upper East Side of New York City has been sold in an all-cash deal for $21 million. The luxurious seven-bedroom triplex, spanning 7,430 square feet, was purchased by real estate mogul Rodney Propp in July 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $21,000,000
- Square Footage: 7,430
- Price Per Square Foot: $2,826
- Market: Upper East Side
Tal Alexander, an official broker, represented Rodney Propp in the transaction. The deal involved the sale of the custom penthouse to Propp, adding to his impressive real estate portfolio. The purchase highlights the desirability of luxurious properties on the Upper East Side and showcases the expertise and negotiation skills of Tal Alexander.
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 $21M for 7,430 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93