Updated Nov 4, 2023
Guy Wildenstein Sells Sutton Place Single Family Home For $26.1M
$26,100,000
$2,718/SF
Building Size
9,600 SF
Asset Type
Single Family
Closing
Aug 21, 2023
About this deal
AI
A single-family property located in Sutton Place, Manhattan has been sold for a price of $26,100,000. The property, with a total area of 9,600 square feet, was originally listed at $40 million in 2016. The sale price represents a loss of more than 20% from the seller's purchase price of approximately $33 million in 2008.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $26,100,000
- Market: Sutton Place, Manhattan
- Property Size: 9,600 square feet
- Price per Square Foot: $2,719
Notably, the property was owned by billionaire art dealer Guy Wildenstein. Despite the price reduction from the original listing, the sale of this townhouse marks a significant transaction in the real estate market. The deal highlights the fluctuations experienced in property values over time and serves as a notable addition to the property portfolio of the buyer.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $26.1M for 9,600 square feet (2023).
Browse New York single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93