Levy Group Acquires Condo In Lenox Hill For $18.6M
1286 1st Avenue, New York City, New York 10021, United States
$18,650,000
$575/SF
Building Size
32,402 SF
Asset Type
—
Closing
Jun 1, 2022
About this deal
AI
The condominium located at 1286 1st Avenue in Lenox Hill has been sold in a closed transaction. The property, consisting of 52 units, spans over 32,402 square feet. The sale price for this condo was $18,650,000, with a price per unit of $358,653 and a price per square foot of $575.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $18,650,000
- Address: 1286 1st Avenue
- Market: Lenox Hill
The buyer of this condo was Levy Group, while the seller was Slate Property Group. The deal was finalized on 06/02/2022.
Players
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Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93