Updated Dec 21, 2023
Shir Abramov Acquires Lenox Hill Multifamily Property For $5.35M
234 East 74th Street, Manhattan, New York, NY, USA
$5,350,000
$1,336/SF
Building Size
4,002 SF
Asset Type
MultiFamily
Closing
Jun 29, 2021
About this deal
AI
A multifamily property located at 234 East 74th Street in Lenox Hill has been sold for $5,350,000. The property has a total square footage of 4,002 and a price per square foot of $1,336. The building has a buildable square footage of 6,812 and a price per buildable square foot of $785. The lot size is 1,703 with dimensions of 16.67 ft x 102.17 ft. The property is zoned as R8B and falls under tax class 1.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Square Footage: 4,002
- Price per Square Foot: $1,336
- Buildable Square Footage: 6,812
- Price per Buildable Square Foot: $785
- Lot Size: 1,703
- Lot Dimensions: 16.67 ft x 102.17 ft
- Zoning: R8B
- Tax Class: 1
The buyer in this transaction is Shir Abramov, while the seller is Gayatri Devi. Alexandra Carter from Corcoran represented both parties as the broker.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93