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108 East 60th Street, Manha...

Updated Oct 28, 2024

Joon S Park Acquires Multifamily Property In Lenox Hill, Manhattan For $7.04M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $7M for 6,546 square feet (2021).

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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

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