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Upper East Side

Rodney Propp Sells Upper East Side Condo For $21M
SOLDCondo

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

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.

Players

Tal Alexander

Official

Broker

$1.8B

vol

83 deals

Broker

Rodney Propp

Seller

$203M

vol

10 deals

Seller

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93