Updated Jun 22, 2026
The Ruup Trust Purchases Multifamily Property At 116 East 65th Street For $16.5M
116 East 65th Street
$16,500,000
$2,391/SF
Building Size
6,901 SF
Asset Type
MultiFamily
Closing
May 27, 2026
About this deal
AI
A 6,901-square-foot multifamily property located at 116 East 65th Street in Manhattan's Lenox Hill neighborhood has been sold for $16.5 million, marking a sale price of $2,391 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,500,000
- Sale Date: 05/27/2026
- Buyer: The Ruup Trust - M. Nader Ahari as Trustee
- Seller: Jared Antico
M. Nader Ahari, acting as trustee for The Ruup Trust, facilitated the purchase of the property from seller Jared Antico, completing the transaction in the Lenox Hill market of Manhattan.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93