Aerin Lauder Acquires $47M Co-op Apartment On Fifth Avenue From Douglas Dillon
960 5th Ave, New York, NY 10065, USA
$47,000,000
$2,300/SF
Building Size
20,433 SF
Asset Type
Other
Closing
Nov 21, 2019
About this deal
AI
Aerin Lauder, granddaughter of cosmetics icon Estée Lauder, has purchased a residential co-op apartment located at 960 Fifth Avenue, 10A in the Lenox Hill neighborhood of the Upper East Side. The transaction closed on November 22, 2019, with a sale price of $47,000,000. The apartment is part of a cooperative building, adding to the exclusivity of the property.
Summary of transaction details
- Property Type: Residential Co-op Apartment
- Transaction Amount: $47,000,000
- Market: Lenox Hill, UES
- Address: 960 Fifth Avenue, 10A
The seller of the property was Douglas Dillon. Although further details about the transaction are not available, it is worth mentioning that the monthly maintenance for the apartment amounts to $21,000. This high-end property represents a significant investment for Aerin Lauder, who is known for her luxurious taste and aesthetic sense.
On the Map
$47,000,000
$2,300/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93