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430 East 75th Street, New Y...

Natalie Elizabeth Alonzo-Brillant Acquires Commercial Property In Lenox Hill, Manhattan For $6M
SOLDCommercial

Natalie Elizabeth Alonzo-Brillant Acquires Commercial Property In Lenox Hill, Manhattan For $6M

430 East 75th Street, New York City, New York 10021, United States

$6,000,000

$867/SF

Building Size

6,915 SF

Asset Type

Commercial

Closing

Mar 29, 2022

AI

The commercial property at 430 East 75th Street in Lenox Hill, Manhattan was sold on March 30, 2022. The property is zoned as R8B and has a Floor Area Ratio (FAR) of 1.88. The property has a total lot size of 3,678 square feet, with dimensions of 36 ft x 102.17 ft.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $6,000,000
  • Buyer: Natalie Elizabeth Alonzo-Brillant
  • Seller: Gary M Katz
  • Building Square Footage (BSF): 14,712
  • Price Per Building Square Foot (PPBSF): $407
  • Total Square Footage (SF): 6,915
  • Price Per Square Foot (PPSF): $867
  • Tax Class: 4
  • Permits: Alteration 2 (03/06/2019)

The buyer in this transaction is Natalie Elizabeth Alonzo-Brillant, and the seller is Gary M Katz. The property was sold for a total price of $6,000,000, with a Building Square Footage (BSF) of 14,712 and a Price Per Building Square Foot (PPBSF) of $407. The property has a total square footage of 6,915, with a Price Per Square Foot (PPSF) of $867. The transaction also involved an alteration permit obtained on March 6, 2019.

Players

Presidio Property Trust
Presidio Property TrustBrokerage

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93