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Leslie J. Garfield & Co. Represents Both Parties In $11.2M Sale Of Upper East Side SFR

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SOLD
$11,200,000

New York

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SOLD

Leslie J. Garfield & Co. Represents Both Parties In $11.2M Sale Of Upper East Side SFR

124 East 64th Street

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Co-Op5,600 SF
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Summary

NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$2,000
Total Square Footage:5,600 SF
Transaction Type:Sale

The property asset involved in this transaction is a Single Family Residence (SFR) located at 124 E 64th Street in the Upper East Side market. The property spans 5,600 square feet and was sold for a total price of $11,200,000, resulting in a price per square foot of $2,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $11,200,000
  • Square Footage: 5,600
  • Price per Square Foot: $2,000
  • Market: Upper East Side
  • Buyer's Representative: Jed Garfield - Leslie J. Garfield & Co.
  • Seller's Representatives: Matthew Lesser & Ravi Kantha - Leslie J. Garfield & Co.

The buyer was represented by Jed Garfield from Leslie J. Garfield & Co., while Matthew Lesser and Ravi Kantha, also from Leslie J. Garfield & Co., represented the seller in this transaction.

Players

Matthew "Matt" Lesser
40 deals$579.5M volume
BROKER

Jed Garfield
9 deals$111.2M volume
BROKER

Details

SOLD
IMAGE: Jed Garfield, Matthew Lesser & Ravi Kantha DATE: 10/07/2022 ADDRESS: 124 E 64th Street MARKET: Upper East Side ASSET TYPE: SFR BUYER'S REP: Jed Garfield (@JedGarfield_LJG) - Leslie J. Garfield & Co. SELLER'S REP: Matthew Lesser (@TheTownHouser) & Ravi Kantha (@TheTownHouseGuy) - Leslie J. Garfield & Co. SALE PRICE: $11,200,000 SF: 5,600 ~ PPSF: $2,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$597,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57