Sonia Cheng Acquires Mixed-use Building In Lenox Hill, Manhattan For $12.2M
6 East 74th Street
$12,200,000
$1,459/SF
Building Size
8,360 SF
Asset Type
Mixed-use
Closing
Sep 13, 2023
About this deal
AI
Frees NYC LLC, represented in court papers as Sonia Cheng, has acquired the mixed-use building at 6 East 74th Street in Lenox Hill, Manhattan. The property consists of 5 units with a sale price of $12,167,000, resulting in a price per unit of $2,433,400. The building has a total square footage of 9,196 and a price per square foot of $1,323. The individual units within the building have a combined square footage of 8,360 and a price per square foot of $1,455.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,167,000
- Address: 6 East 74th Street, Lenox Hill, Manhattan
- Market: Lenox Hill, Manhattan
- Buyer: Sonia Cheng
- Seller: Ezra Chammah - Itafin
Sonia Cheng, acting on behalf of Frees NYC LLC, has successfully acquired the mixed-use building located at 6 East 74th Street in Lenox Hill, Manhattan. The seller, Ezra Chammah of Itafin, sold the property to Frees NYC LLC for a total of $12.2 million. This transaction marks a significant investment in the Lenox Hill market and showcases the ongoing growth and activity in the neighborhood.
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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93