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David Keusch Acquires Multifamily Property On Upper East Side For $15.25M

Property Image
SOLD
$15,250,000
Robby Browne
Ravi Kantha
+ 1

New York

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MultiFamily9,000 SF
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Property Image
SOLD

David Keusch Acquires Multifamily Property On Upper East Side For $15.25M

154 East 63rd Street, New York, NY 10065

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MultiFamily9,000 SF
Sold
Robby Browne
Ravi Kantha
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1694
Total Square Footage:9000 SF
Transaction Type:Sale

The multifamily property located at 154 East 63rd St. in the Upper East Side recently changed hands in a closed transaction. The property spans approximately 9,000 square feet and was sold for a sale price of $15,250,000. The transaction took place on 04/22/2020.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Price: $18,950,000
  • Sale Price: $15,250,000
  • Square footage: 9,000
  • Price per square foot: $1,694
  • Market: Upper East Side

The seller of the property was Diana King, while the buyer was David Keusch. Representing the seller were Robby Browne and Chris Kann from The Corcoran Group. The buyer was represented by Matthew Lesser and Ravi Kantha from Leslie J. Garfield.

Players

Matthew "Matt" Lesser
39 deals$509.5M volume
BROKER

Ravi Kantha
Serhant
30 deals$402.3M volume(914) 224-2191
BROKER

Robby Browne
The Corcoran Group
1 deal$15.3M volume
BROKER

Chris Kann
4 deals$36.9M volume
BROKER

Details

SOLD
IMAGE: Matthew Lesser, Ravi Kantha, Chris Kann, Robby Browne DATE: 04/22/2020 ADDRESS: 154 East 63rd St. MARKET: Upper East Side ASSET TYPE: Multifamily ASKING PRICE: $18,950,000 SALE PRICE: $15,250,000 SF: 9,000 ~ PPSF: $1,694 SELLER: Diana King BUYER: David Keusch SELLER’S REP: Robby Browne & Chris Kann @TheCorcoranGroup BUYER’S REP: Matthew Lesser & Ravi Kantha @LeslieJGarfield

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$813,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,180.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,292.78
Annual Debt Service$867,513.36