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Steven Gautier-Winther Acquires Lenox Hill Multifamily In $9.3M Deal

Property Image
SOLD
$9,300,000

New York

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MultiFamily1,441 SF
Sold 08/05/2022
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Property Image
SOLD

Steven Gautier-Winther Acquires Lenox Hill Multifamily In $9.3M Deal

24 East 73rd Street, New York City, New York 10021, United States

See Similar Deals
MultiFamily1,441 SF
Sold 08/05/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$6,453
Total Square Footage:1,441 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 24 East 73rd Street in the Lenox Hill market. The sale date was on 08/05/2022, and the property was sold for $9,300,000. This multifamily asset consists of 7 units, with a price per unit of $1,328,571. The total square footage of the property is 7,206, resulting in a price per square foot of $1,290.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,300,000
  • Address: 24 East 73rd Street
  • Market: Lenox Hill
  • Units: 7
  • Price Per Unit: $1,328,571
  • Total Square Footage: 7,206
  • Price Per Square Foot: $1,290
  • Buyer: Steven Gautier-Winther
  • Seller: Magdalene Casola

In this transaction, Steven Gautier-Winther acted as the buyer acquiring the property from seller Magdalene Casola. The transaction was represented by the respective parties involved in the deal without any additional representation details provided.

Players

9 deals$128.5M volume
BROKER

9 deals$128.5M volume
BUYER

Details

SOLD
IMAGE: 08/05/2022 ADDRESS: 24 East 73rd Street MARKET: Lenox Hill ASSET TYPE: Multifamily BUYER: Steven Gautier-Winther SELLER: Magdalene Casola SALE PRICE: $9,300,000 UNITS: 7 ~ PPU: $1,328,571 SF: 7,206 ~ PPSF: $1,290

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

$496,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94