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234 East 74th Street, Manha...

Updated Dec 21, 2023

Shir Abramov Acquires Lenox Hill Multifamily Property For $5.35M
SOLDMultiFamily

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.

Players

Alexandra Carter

The Corcoran Group

Broker

$5.4M

vol

1 deal

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $5.4M for 4,002 square feet (2021).

Visit The Corcoran Group to view all their deals.

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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

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