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John Murray Acquires Commercial Property On East 64th Street In Lenox Hill, Manhattan For $71.6M

Property Image
SOLD
$71,634,308
JM
TF

New York

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Commercial109,956 SF
Sold 04/26/2022
the dealplayerscompscontact
Property Image
SOLD

John Murray Acquires Commercial Property On East 64th Street In Lenox Hill, Manhattan For $71.6M

215 East 64th Street, New York City, New York 10065, United States

See Similar Deals
Commercial109,956 SF
Sold 04/26/2022
JM
TF
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$651
Total Square Footage:109,956 SF
Transaction Type:Sale

The commercial property located at 215 East 64th Street in Lenox Hill, Manhattan was recently sold in a closed transaction. The property, with a lot size of 12,552 square feet and a FAR (Floor Area Ratio) of 8.76, is zoned as R8B. It is classified under tax class 4.

Summary of transaction details

  • Property Type: Commercial
  • Sale Price: $71,634,308
  • Building Square Footage: 50,208
  • Price per Building Square Footage: $1,426
  • Lot Square Footage: 109,956
  • Price per Square Foot: $651

John Murray acted as the buyer in this transaction, while Thomas Felderman was the seller.

The property previously obtained an alteration permit in December 2019. Its lot dimension measures 125 feet by 100.42 feet.

Players

JM
John Murray
4 deals$430.5M volume
BUYER
TF
Thomas Felderman
3 deals$224.5M volume
SELLER

Details

SOLD
IMAGE: 04/26/2022 ADDRESS: 215 East 64th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: Commercial ~ ZONING: R8B BUYER: John Murray SELLER: Thomas Felderman PRICE: $71,634,308 BSF: 50,208 ~ PPBSF: $1,426 SF: 109,956 ~ PPSF: $651 FAR: 8.76 TAX CLASS: 4 LOT SIZE: 12,552 PERMITS: Alteration 2 (12/09/2019) LOT DIMENSION: 125 ft x 100.42 ft

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

$3,820,496.42

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$254,501.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$339,583.17
Annual Debt Service$4,074,997.99