Michael DeSena & Michael Bethoney Of Nest Seekers Acquire SFR In Lenox Hill For $17.3M
SOLD
$17,300,000
+ 1
New York
See Similar DealsMultiFamily6,850 SF
Sold 05/04/2022
SOLD
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
See Similar DealsMultiFamily6,850 SF
Sold 05/04/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,525
Total Square Footage:6,850 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$922,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91
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