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215 East 64th Street, New Y...

Updated Dec 19, 2023

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

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

$71,634,308

$651/SF

Building Size

109,956 SF

Asset Type

Commercial

Closing

Apr 25, 2022

About this deal

AI

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.

On the Map

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$71,634,308

$651/SF

Commercial

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Players

John Murray

Buyer

$430.5M

vol

4 deals

Buyer

Thomas Felderman

Seller

$224.5M

vol

3 deals

Seller
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New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $651 per square foot on a published $71.6M for 109,956 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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