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75 West 68th Street, Manhat...

Updated Dec 20, 2023

Florence Goldsmith Acquires Apartment In Lincoln Square, Manhattan For $3.3M
SOLDMultiFamily

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.

Players

Michael Tauber

Seller

$65M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $967 per square foot on a published $60.5M for 62,560 square feet (2021).

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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

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