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
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