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

Property Image
SOLD
$20,350,000

New York

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4,596 SF
Sold 08/18/2021
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Property Image
SOLD

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

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

See Similar Deals
4,596 SF
Sold 08/18/2021
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Summary

NEW YORK
Price Per Square Foot:$4,427
Total Square Footage:4,596 SF
Transaction Type:Sale

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
2 deals$70.4M volume
BROKER

Details

SOLD
IMAGE: Holly Parker DATE: 08/18/2021 ADDRESS: 11 East 68th Street, MARKET: Lenox Hill ASSET TYPE: Condo ~ ZONING: R8B, C5-1, MP, LH-1A BUYER: Coupa LLC SELLER: McLennan Family Trust - Michael McLennan BROKER: Holly Parker - Douglas Elliman SALE PRICE: $20,350,000 SF: 4,596 ~ PPSF: $4,427 FAR: 8.77 TAX CLASS: 2 LOT SIZE: 12,050 LAST SALE PRICE: $21,082,867 (04/23/2015) LOT DIMENSIONS: 120 ft x 100.42 ft

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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