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11 East 68th Street, Manhat...

Coupa LLC Acquires Condo At 11 East 68th Street, Lenox Hill For $20.35M
SOLD

Coupa LLC Acquires Condo At 11 East 68th Street, Lenox Hill For $20.35M

11 East 68th Street, Manhattan, New York, NY, USA

$20,350,000

$4,427/SF

Building Size

4,596 SF

Asset Type

Closing

Aug 17, 2021

AI

The property at 11 East 68th Street in Lenox Hill has been sold in a closed transaction. This condominium property spans 4,596 square feet and is zoned as R8B, C5-1, MP, LH-1A. The sale price for this property was $20,350,000, resulting in a price per square foot of $4,427. The lot size is 12,050 square feet, with dimensions of 120 feet by 100.42 feet. The previous sale of this property took place on April 23, 2015, for a price of $21,082,867.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $20,350,000
  • Zoning: R8B, C5-1, MP, LH-1A
  • Square Footage: 4,596
  • Price per Square Foot: $4,427
  • Lot Size: 12,050 square feet
  • Lot Dimensions: 120 ft x 100.42 ft

Coupa LLC purchased the property from McLennan Family Trust, with the transaction facilitated by Holly Parker from Douglas Elliman. The property's floor area ratio (FAR) is 8.77, and its tax class is 2.

Players

Holly Parker

Douglas Elliman

Broker

$70.4M

vol

2 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

0.78%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93