facebook
Traded Co logo
Submit

Andrew N Cutler Acquires Multifamily Property On East 92nd Street In Carnegie Hill, Manhattan

Property Image
SOLD
$12,000,000

New York

See Similar Deals
MultiFamily4,592 SF
Sold 08/03/2021
the dealplayerscompscontact
Property Image
SOLD

Andrew N Cutler Acquires Multifamily Property On East 92nd Street In Carnegie Hill, Manhattan

15 East 92nd Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily4,592 SF
Sold 08/03/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,613
Total Square Footage:4,592 SF
Transaction Type:Sale

The multifamily property located at 15 East 92nd Street in Carnegie Hill, Manhattan has been sold in a recent transaction. The property is zoned as R8B and has a lot size of 1,971 square feet with dimensions of 19.58 ft x 100.67 ft.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,000,000
  • Building Square Footage: 7,884
  • Price per Building Square Foot: $1,522
  • Lot Square Footage: 1,971
  • Price per Lot Square Foot: $2,613
  • Last Sale Price: $9,250,000 (06/25/2019)
  • Permits: Alteration type 3 (12/09/2020)
  • FAR: 2.33
  • Tax Class: 1

The buyer of the property is Andrew N Cutler, while the seller is Scott Segal. Kathy Sloane from Brown Harris Stevens acted as the broker in this transaction.

Players

Kathleen Sloane
1 deal$12M volume(212) 906-9258
BROKER


4 deals$56.4M volume
SELLER

Details

SOLD
IMAGE: Kathy Sloane DATE: 08/03/2021 ADDRESS: 15 East 92nd Street MARKET: Carnegie Hill,Manhattan ASSET TYPE: Multifamily ~ ZONING: R8B BUYER: Andrew N Cutler SELLER: Scott Segal BROKER: Kathy Sloane - Brown Harris Stevens PRICE: $12,000,000 BSF: 7,884 ~ PPBSF: $1,522 SF: 4,592 ~ PPSF: $2,613 FAR: 2.33 TAX CLASS: 1 LOT SIZE: 1,971 LAST SALE PRICE: $9,250,000 (06/25/2019) PERMITS: Alteration type 3 (12/09/2020) LOT DIMENSIONS: 19.58 ft x 100.67 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47