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227 East 67th Street

Turret Equities Led By David Dweck Acquires $19.9M Note From Preferred Bank In Lenox Hill
SOLDMultiFamily

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

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

David Dweck

Turret Equities

Buyer

$39M

vol

3 deals

Buyer
Preferred Bank
Preferred BankSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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