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123 East 61st Street, New Y...

Michael DeSena & Michael Bethoney Of Nest Seekers Acquire SFR In Lenox Hill For $17.3M
SOLDMultiFamily

Michael DeSena & Michael Bethoney Of Nest Seekers Acquire SFR In Lenox Hill For $17.3M

123 East 61st Street, New York City, New York 10065, United States

$17,300,000

$2,525/SF

Building Size

6,850 SF

Asset Type

MultiFamily

Closing

May 3, 2022

AI

A single-family residential property located at 123 E. 61st St. in Lenox Hill has been sold for a price of $17,300,000. With a total area of 9,300 square feet, the property was sold at a price per square foot of $1,860.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $17,300,000
  • Address: 123 E. 61st St.
  • Market: Lenox Hill

The sale was facilitated by Michael DeSena and Michael Bethoney from Nest Seekers, representing the buyer. On the other side, the seller was represented by Chase Landow and Ryan Serhant from Serhant.

Players

Ryan Serhant

Serhant

Broker

$1.1B

vol

44 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93