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155 East 70th Street, New Y...

Hayder Karp-Hecker Acquires Lenox Hill SFR For $6M
SOLD

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

Allen Schifino

Seller

$9.6M

vol

2 deals

Seller

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