Danny Golden & Tom Ferrari Sell Vacant Townhouse At 127 East 61st Street For $5,250,000
127 East 61st Street
$5,250,000
$986/SF
Building Size
5,320 SF
Asset Type
Mixed-use
Closing
Aug 21, 2026
About this deal
AI
The property involved in this transaction is a vacant townhouse located at 127 East 61st Street in the Lenox Hill market. The asset has a total square footage of 6,175 and was sold for a transaction amount of $5,250,000, which translates to a price per square foot of $850.
Summary of transaction details:
- Property Type: Vacant Townhouse
- Transaction Amount: $5,250,000
- Address: 127 East 61st Street
- Market: Lenox Hill
- Square Footage: 6,175
- Price per Square Foot: $850
- Seller: Danny Golden & Tom Ferrari - F.G. Partners & 127 East 61st Property Owner LLC
- Broker: Matthew Lesser - Leslie Garfield
This transaction involved Danny Golden and Tom Ferrari representing F.G. Partners and 127 East 61st Property Owner LLC as the sellers. The broker facilitating the sale was Matthew Lesser from Leslie Garfield.
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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93