The Sephardic Academy Of Manhattan Acquires Mix-use Building On 148 East 74th Street In New York For $14M
148 E 74th St, New York, NY 10021, USA
$14,000,000
$1,181/SF
Building Size
11,850 SF
Asset Type
Mixed-use
Closing
Dec 19, 2017
AI
A mix-use building at 148 East 74th Street in Manhattan has been sold for $14,000,000. The property spans 11,850 square feet and has a price per square foot of $1,181. It consists of 5 apartments and 2 commercial units.
Summary of transaction details
- Property Type: Mix-use Building
- Transaction Amount: $14,000,000
- Address: 148 East 74th Street, New York
- Market: Manhattan
The seller of the property was the Diba Family Limited Partnership, while the buyer was The Sephardic Academy of Manhattan – Rabbi Elie Abadie. The transaction was facilitated by the brokers Danny Handweiler from @dhandz and David Loshoff from @dlosho.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93