Property In Upper East Side Residential Property Sold For $24M
SOLD
$24,000,000
New York
See Similar DealsOther219,990 SF
Sold 12/02/2019
SOLD
Property In Upper East Side Residential Property Sold For $24M
807 Park Ave, New York, NY 10021, USA
See Similar DealsOther219,990 SF
Sold 12/02/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$109
Total Square Footage:219,990 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 807 Park Avenue in the Upper East Side market. AION Partners sold the residential building for $24,000,000, which encompasses a total area of 21,999 square feet, resulting in a price per square foot of $1,099.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $24,000,000
- Seller: AION Partners
- Square Footage: 21,999
- Price Per Square Foot: $1,099
- Date of Transaction: 12/02/2019
@Diddy, who originally purchased the building in 1998 for $12,000,000, sold it to AION Partners for $14,300,000 in 2003, marking a notable history of ownership prior to this most recent sale.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
Is there something missing? Send suggestions