Updated Dec 21, 2023
Andrew N Cutler Acquires Multifamily Property On East 92nd Street In Carnegie Hill, Manhattan
15 East 92nd Street, Manhattan, New York, NY, USA
$12,000,000
$2,613/SF
Building Size
4,592 SF
Asset Type
MultiFamily
Closing
Aug 2, 2021
About this deal
AI
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.
On the Map
$12,000,000
$2,613/SF
MultiFamily
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Players
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93