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$27M Upper East Side Penthouse Sold By Alexa Lambert At Compass Development Marketing Group

Property Image
SOLD
$27,000,000

New York

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Other5,835 SF
Sold 11/03/2021
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Property Image
SOLD

$27M Upper East Side Penthouse Sold By Alexa Lambert At Compass Development Marketing Group

200 West 83rd Street, New York City, New York 10024, United States

See Similar Deals
Other5,835 SF
Sold 11/03/2021
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$4,627
Total Square Footage:5,835 SF
Transaction Type:Sale

An exceptional penthouse located at 200 East 83rd Street in the desirable Upper East Side neighborhood has been sold for a remarkable amount of $27,000,000. The property spans across 5,835 square feet, resulting in a price per square foot of $4,627. This distinctive penthouse offers luxurious living space and breathtaking views, making it a highly sought-after asset in the market.

Summary of transaction details

  • Property Type: Penthouse
  • Transaction Amount: $27,000,000
  • Address: 200 East 83rd Street
  • Market: Upper East Side
  • Square Footage: 5,835
  • Price Per Square Foot: $4,627

The deal was facilitated by Alexa Lambert from Compass Development Marketing Group, acting as the broker in this transaction. Lambert's expertise and guidance were instrumental in ensuring a successful sale.

The penthouse benefits from a fantastic location within the Upper East Side, known for its elegance and sophistication. This lucrative deal highlights the strong demand for luxury properties within this coveted neighborhood. The sale of this remarkable penthouse sets a new benchmark in terms of both price and prestige in the Upper East Side market.

Players

Alexa Lambert
10 deals$228.5M volume
BROKER

Details

SOLD
IMAGE: Alexa Lambert DATE: 11/03/2021 ADDRESS: 200 East 83rd Street MARKET: Upper East Side ASSET TYPE: Penthouse ~ ZONING: C1-9 BROKER: Alexa Lambert - Compass Development Marketing Group SALE PRICE: $27,000,000 SF: 5,835 ~ PPSF: $4,627 FAR: 10 (Residential) TAX CLASS: 4 LOT SIZE: 10,388 PERMITS: Alteration 2 (09/02/2020) LOT DIMENSION: 101.67 ft x 102.17 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,440,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30