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The Ruup Trust Purchases Multifamily Property At 116 East 65th Street For $16.5M
SOLD
$16,500,000
New York
See Similar DealsMultiFamily6,901 SF
Sold 05/27/2026
SOLD
The Ruup Trust Purchases Multifamily Property At 116 East 65th Street For $16.5M
116 East 65th Street
See Similar DealsMultiFamily6,901 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,391
Total Square Footage:6,901 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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