Updated Oct 28, 2024
Joon S Park Acquires Multifamily Property In Lenox Hill, Manhattan For $7.04M
108 East 60th Street, Manhattan, New York, NY, USA
$7,040,000
$1,075/SF
Building Size
6,546 SF
Asset Type
MultiFamily
Closing
May 4, 2021
About this deal
AI
The multifamily property located at 108 East 60th Street in Lenox Hill, Manhattan has been sold. The sale took place on May 5, 2021, and the property falls under tax class 4. The buyer of the property is Joon S Park, while the seller is MarkGarrisonSalon.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,040,000
- Address: 108 East 60th Street
- Market: Lenox Hill, Manhattan
- BSF (Building Square Footage): 30,120
- Price per BSF: $233
- SF (Total Square Footage): 6,546
- Price per SF: $1,075
This transaction involved the acquisition of the multifamily property by Joon S Park from MarkGarrisonSalon. The property spans a total square footage of 6,546, with a building square footage of 30,120. The sale price for the property amounts to $7,040,000, with a price per square foot of $1,075. The transaction took place in the Lenox Hill market, situated in Manhattan, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93