Karan Suri Acquires 569 Lexington Avenue Condo In Turtle Bay For $146M
569 Lexington Avenue, New York City, New York 10022, United States
$146,000,000
Building Size
—
Asset Type
—
Closing
Dec 14, 2021
About this deal
AI
Located at 569 Lexington Avenue in the Turtle Bay neighborhood of Manhattan, a condominium was recently sold for a price of $146,000,000. The property, situated on a site governed by zoning codes C6-4.5, C6-6, MID, offers a prime location and attractive features.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $146,000,000
- Address: 569 Lexington Avenue, Turtle Bay, Manhattan
- Zoning: C6-4.5, C6-6, MID
In this transaction, the buyer of the condo was Karan Suri, while Leslie D Hale acted as the seller. The property falls under tax class 4 and had a previous sale price of $331,630,000 on December 22, 2010.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93