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
About this deal
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.
On the Map
$8,500,000
$1,802/SF
Mixed-use
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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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93