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200 East 69th Street, New Y...

Michael Farkas Acquires Condo At 200 East 69th Street, Lenox Hill For $8.8M
SOLD

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

Mary Fitzgibbons

Brown Harris Stevens

Broker

$8.8M

vol

1 deal

Broker

Michael Farkas

Buyer

$12.8M

vol

2 deals

Buyer
SM
Steve MaddenSeller

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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93