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6 East 74th Street

Updated Dec 4, 2024

Sonia Cheng Acquires Mixed-use Building In Lenox Hill, Manhattan For $12.2M
SOLDMixed-use

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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Deal FAQ

About $1.5K per square foot on a published $12.2M for 8,360 square feet (2023).

Browse New York mixed use sales on Traded.

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

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