Christopher Meagher Acquires Penthouse On Park Avenue From Carol Feinberg For $24M
895 Park Avenue, Lenox Hill, New York, NY, USA
$24,000,000
$3,428/SF
Building Size
7,000 SF
Asset Type
Other
Closing
Oct 19, 2021
About this deal
AI
The penthouse located at 895 Park Avenue in the Lenox Hill neighborhood was recently sold for $24,000,000. Spanning 7,000 square feet, the property boasts a price per square foot of $3,428. The transaction took place on 10/20/2021 and involved the buyer Christopher Meagher and the seller Carol Feinberg. The deal was facilitated by Allison Chiaramonte from Warburg Realty.
Summary of transaction details:
- Property Type: Penthouse
- Transaction Amount: $24,000,000
- Market: Lenox Hill
- Address: 895 Park Avenue
- Square Footage: 7,000
- Price Per Square Foot: $3,428
The penthouse, with a floor area ratio (FAR) of 13.54, is zoned for R10, R10A, and PI. Tax class 2 applies to the property. The lot size is 15,961 square feet, with dimensions measuring 101.67 ft x 157 ft. Notably, an alteration permit (Alteration 2) was obtained on 03/18/2020.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93