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300 E 69th St New York, NY ...

D8 300 E69 LLC Acquires 300 East 69th Street Mixed-Use Building In Lenox Hill, Manhattan For $8.5M
SOLDMixed-use

D8 300 E69 LLC Acquires 300 East 69th Street Mixed-Use Building In Lenox Hill, Manhattan For $8.5M

300 E 69th St New York, NY 10065, USA

$8,500,000

$1,802/SF

Building Size

4,716 SF

Asset Type

Mixed-use

Closing

Jul 20, 2023

AI

A six-unit mixed-use building located at 300 East 69th Street in Lenox Hill, Manhattan has been sold for $8.5 million. The buyer, D8 300 E69 LLC, acquired the property from John Rapp's entity, 300 East 69th Street LLC. The building has a total square footage of 15,240, with a price per square foot of $558. The total square footage of the unit being sold is 4,716, with a price per square foot of $1,802.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $8,500,000
  • Address: 300 East 69th Street
  • Market: Lenox Hill, Manhattan
  • BSF: 15,240
  • PPBSF: $558
  • SF: 4,716
  • PPSF: $1,802

The sale of the property was completed on the specified date. The buyer, D8 300 E69 LLC, and the seller, John Rapp, were actively involved in the transaction. The deal represents a significant investment opportunity in the vibrant Lenox Hill market of Manhattan.

Players

John Rapp

Seller

$48.9M

vol

4 deals

Seller

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93