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4 East 62nd Street, Manhatt...

David Amirian & Sonny Bazbaz Acquire Condo On East 62nd Street For $3.5M
SOLD

David Amirian & Sonny Bazbaz Acquire Condo On East 62nd Street For $3.5M

4 East 62nd Street, Manhattan, New York, NY 10065, USA

$3,500,000

$1,296/SF

Building Size

2,700 SF

Asset Type

Closing

Oct 7, 2021

AI

A condo situated at 1 East 62nd Street in the Upper East Side was recently sold in a transaction that took place on 10/07/2021. The property spans approximately 2,700 square feet and is characterized by its prime location.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,500,000
  • Address: 1 East 62nd Street (Upper East Side)

The buyers, David Amirian and Sonny Bazbaz, acquired the condo from the seller, Tessa Kennedy. The deal was facilitated by the broker Whitney Didier from Douglas Elliman. The transaction was completed at a sale price of $3,500,000, reflecting a selling price per square foot of $1,296.

Players

Whitney Didier

The Corcoran Group

Broker

$18.1M

vol

3 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93