Jennifer Lopez And Alex Rodriguez Acquire 432 Park Avenue Apartment In Manhattan For $15.3M
432 Park Ave, New York, NY 10022, USA
Building Size
40,000 SF
Asset Type
Other
Closing
Mar 27, 2018
AI
Alex Rodriguez and Jennifer Lopez have purchased an apartment in Manhattan at 432 Park Avenue. The property, spanning 4,000 square feet, was sold for a price of $15,300,000, resulting in a price per square foot of $3,825.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $15,300,000
- Property Address: 432 Park Avenue, New York
- Market: Manhattan
- Square Footage: 4,000 sf
- Price per Square Foot: $3,825
The sellers of the apartment were CIM Group, represented by Shaul Kuba, and Macklowe Properties, represented by Harry Macklowe. The buyers, on the other hand, were Jennifer Lopez and Alex Rodriguez. The transaction was facilitated by @DouglasElliman's Shari Scharfer-Rollins as the broker.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93