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Upper East Side

Julia Koch Sells 15,000-Square-Foot Upper East Side Townhouse For $41M - Leighton Candler Represents Seller
SOLDSingle Family Residence

Julia Koch Sells 15,000-Square-Foot Upper East Side Townhouse For $41M - Leighton Candler Represents Seller

Upper East Side

$41,000,000

$2,733/SF

Building Size

15,000 SF

Asset Type

Single Family Residence

Closing

Jul 10, 2023

AI

Julia Koch, the widow of David Koch, has sold their 15,000-square-foot townhouse located in the Upper East Side market for a whopping $41 million. This Single-Family Home (SFR) offers a stunning living space, encompassing a substantial square footage of 15,000 square feet. With a price per square foot (PPSF) of $2,733, this property is a remarkable investment opportunity.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $41,000,000
  • Market: Upper East Side

Facilitating this successful transaction was Leighton Candler from the Corcoran Group acting as Julia Koch's representative. Leighton's expertise in the field was instrumental in closing the deal. The sale of this impressive townhouse highlights Julia Koch's decision to part ways with the property once shared with her late husband.

Players

Leighton C. Candler

The Agency

Broker

$136M

vol

3 deals

Broker

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93