Updated Dec 20, 2023
Florence Goldsmith Acquires Apartment In Lincoln Square, Manhattan For $3.3M
75 West 68th Street, Manhattan, New York, NY, USA
$60,500,000
$967/SF
Building Size
62,560 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
About this deal
AI
The apartment located at 117 West 69th Street in Lincoln Square, Manhattan has been sold. The sale took place on March 10, 2023, at a price of $3,300,000. This apartment is zoned as R8B and falls under tax class 2B. The buyer of the property is Florence Goldsmith, while the seller is Michael Tauber. The property has a building square footage (BSF) of 8,436, with a price per BSF (PPBSF) of $391. The total square footage (SF) of the apartment is 6,559, with a price per square foot (PPSF) of $503. The apartment has a floor area ratio (FAR) of 3.11.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $3,300,000
- Address: 117 West 69th Street, Lincoln Square, Manhattan
- Market: Lincoln Square, Manhattan
- Zoning: R8B
Florence Goldsmith acted as the buyer in this transaction, and the property was sold by Michael Tauber. The lot size of the property is 2,109, and it has previously undergone alteration 1 permits on June 2, 2005. The lot dimension is 21 ft x 100.42 ft.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93