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
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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