Michael Farkas Acquires Condo At 200 East 69th Street, Lenox Hill For $8.8M
200 East 69th Street, New York City, New York 10021, United States
$8,800,000
$2,200/SF
Building Size
4,000 SF
Asset Type
—
Closing
Apr 17, 2022
AI
200 East 69th Street in Lenox Hill, a condominium, was recently sold for $8,800,000. The property spans approximately 4,000 square feet, resulting in a price per square foot of $2,200. The transaction took place on April 18, 2022. Wendy Madden, CEO of Steve Madden, sold the property to Michael Farkas. Mary Fitzgibbons from Brown Harris Stevens represented both parties in the deal.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,800,000
- Date: April 18, 2022
- Address: 200 East 69th Street, Lenox Hill
- Market: Lenox Hill
Wendy Madden, the CEO of Steve Madden, sold her condominium located at 200 East 69th Street in Lenox Hill for $8,800,000 to Michael Farkas. Mary Fitzgibbons from Brown Harris Stevens represented both the seller and the buyer in this transaction.
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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93