Updated Sep 9, 2024
Rosewood Realty Group Represents Sale Of Development Site On Upper East Side For $25M
51-53 East 73rd Street, New York City, New York 10021, United States
$25,000,000
$1,785/SF
Building Size
14,000 SF
Asset Type
Development Site
Closing
Dec 21, 2021
About this deal
AI
A development site located at 51-53 East 73rd Street in the Upper East Side has been sold for a price of $25,000,000. The property spans 14,000 square feet, giving a price per buildable square foot (PPBSF) of $1,785. The sale took place on December 22, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,000,000
- Address: 51-53 East 73rd Street
- Market: Upper East Side
- Buildable Square Footage (BSF): 14,000
- Price per Buildable Square Foot (PPBSF): $1,785
The sale was facilitated by Greg Corbin and Shaun Rose of Rosewood Realty Group, who represented the parties involved in the transaction.
On the Map
$25,000,000
$1,785/SF
Development Site
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New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93