Updated Sep 9, 2024
Michael Thomas Danson Acquires Multifamily Property On Upper East Side For $31.95M
4 East 74th Street, New York, NY 10021
$31,950,000
$3,394/SF
Building Size
9,413 SF
Asset Type
MultiFamily
Closing
Nov 20, 2018
About this deal
AI
The sale of a multifamily property located at 4 East 74th Street in the Upper East Side has been completed. The property spans 9,413 square feet and was sold for a price of $31,950,000, resulting in a price per square foot of $3,394.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,950,000
- Address: 4 East 74th Street
- Market: Upper East Side
The seller, Marc and Cathy Lasry, successfully completed the transaction with the buyer, Michael Thomas Danson. The deal was facilitated by brokers Adam Modlin and Nina Tkachuk Perez of Modlin Group.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93