Updated Jul 23, 2026
Turret Equities Led By David Dweck Acquires $19.9M Note From Preferred Bank In Lenox Hill
227 East 67th Street & 184 East 64th Street
$19,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 11, 2026
About this deal
AI
227 East 67th Street and 184 East 64th Street are located in the Lenox Hill neighborhood of Manhattan. The transaction involves a note secured by these residential properties, with a sale price of $19,900,000.
Summary of transaction details:
- Property Type: Note
- Transaction Amount: $19,900,000
- Buyer: David Dweck
- Buyer’s Company: Turret Equities
- Seller: Preferred Bank
The acquisition involves David E. Dweck, leading Turret Equities, in the purchase from Preferred Bank. This transaction aligns with Turret Equities' investment strategy within the real estate market.
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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93