Mitchel Maidman Of Townhouse Management Company Acquires Condo In Lenox Hill For $28M
35 East 63rd Street
$28,000,000
$1,239/SF
Building Size
22,591 SF
Asset Type
Condo
Closing
Mar 20, 2026
AI
The asset involved in this transaction is a condo located at 35 East 63rd Street in Lenox Hill, Manhattan. The sale price was $28,000,000, with the total square footage measuring 22,591. The price per square foot for this property is approximately $1,239.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $28,000,000
- Address: 35 East 63rd Street, Lenox Hill, Manhattan
- Square Footage: 22,591
- Price Per Square Foot: $1,239
- Buyer: Mitchel Maidman - Townhouse Management Company
Mitchel Maidman’s Townhouse Management Company is the buyer in this transaction, acquiring the condo building in a significant deal reflective of the current real estate market in the area.
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93