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895 Park Avenue, Lenox Hill...

Updated Dec 19, 2023

Christopher Meagher Acquires Penthouse On Park Avenue From Carol Feinberg For $24M
SOLDOther

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

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Deal FAQ

About $3.4K per square foot on a published $24M for 7,000 square feet (2021).

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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

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