Laura Blankfein Acquires 895 Park Avenue Co-op On Upper East Side For $16M
895 Park Avenue, Manhattan, New York, NY, USA
$16,000,000
$1,002/SF
Building Size
15,961 SF
Asset Type
Other
Closing
Aug 18, 2021
About this deal
AI
The co-op located at 895 Park Avenue in the Upper East Side has been sold for a total of $16,000,000. The property has a total lot size of 15,961 square feet, with dimensions of 101.67 feet by 157 feet. The asset falls under the zoning classifications of R10, R10A, and PI, indicating the potential for various uses.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $16,000,000
- Lot Size: 15,961 square feet
- Zoning: R10, R10A, PI
Laura Blankfein has purchased the property from Joshua Jordan Harris & Marjorie Harris. The transaction was finalized on 08/19/2021. Additionally, the property has a floor area ratio (FAR) of 13.54, indicating the potential for future development or expansion.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93