Howland Robinson Acquires Residential Co-op On 136 East 64th Street For $3,058,980
136 East 64th Street, Manhattan, New York, NY, USA
$3,058,980
$1,390/SF
Building Size
2,200 SF
Asset Type
—
Closing
Jun 9, 2020
About this deal
AI
A residential co-op located at 136 East 64th Street in Lenox Hill has recently been sold. The property was sold on 06/09/2021 for a sale price of $3,058,980, slightly below the asking price of $3,195,000. The buyers of the co-op were Howland Robinson, and the sellers were Paul Hastings. The deal was facilitated by Michael Lorber and Alexander Boriskin from Douglas Elliman.
Summary of transaction details
- Property Type: Residential Co-op
- Transaction Amount: $3,058,980
- Address: 136 East 64th Street, Lenox Hill
- Buyer: Howland Robinson
- Seller: Paul Hastings
- Brokers: Michael Lorber and Alexander Boriskin, Douglas Elliman
- Asking Price: $3,195,000
The sale of this residential co-op represents a successful transaction in the Lenox Hill neighborhood. The deal was facilitated by Michael Lorber and Alexander Boriskin from Douglas Elliman, who acted as the brokers for both the buyer, Howland Robinson, and the seller, Paul Hastings. The property was sold for a sale price of $3,058,980, slightly below the initial asking price of $3,195,000.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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About $1.4K per square foot on a published $3.1M for 2,200 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.19%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93