Andrew N Cutler Acquires Multifamily Property On East 92nd Street In Carnegie Hill, Manhattan
SOLD
New York
See Similar DealsMultiFamily4,592 SF
Sold 08/03/2021
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 DealsMultiFamily4,592 SF
Sold 08/03/2021
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.
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Deal Type
30 years
10 years
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
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