Hayder Karp-Hecker Acquires Lenox Hill SFR For $6M
155 East 70th Street, New York City, New York 10021, United States
$6,000,000
$1,190/SF
Building Size
5,041 SF
Asset Type
—
Closing
Feb 24, 2022
AI
The property at 155 East 70th Street in Lenox Hill, Manhattan has been sold in a recent transaction. The single-family residential property has a lot size of 1,820 square feet and is zoned as R9X, C1-5. The building has a total square footage of 5,041 and a price per square foot of $1,190. With a building square footage of 16,380, the price per buildable square foot is $366. The property has a floor area ratio (FAR) of 2.77, and its tax class is 1. The lot dimensions measure 19.5 feet by 100.42 feet.
Summary of transaction details
- Property Type: Single-Family Residential
- Transaction Amount: $6,000,000
- Buyer: Hayder Karp-Hecker
- Seller: Allen Schifino
In this transaction, Hayder Karp-Hecker acquired the property from Allen Schifino. The sale was completed on February 25, 2022. Permits for alteration were issued on June 29, 2007.
Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93