Updated Dec 20, 2023
Carrie E Brown Acquires Apartment Building On Lexington Avenue For $32.75M
309 Lexington Avenue, Manhattan, New York, NY, USA
$32,750,000
$665/SF
Building Size
49,212 SF
Asset Type
MultiFamily
Closing
Nov 21, 2021
About this deal
AI
Located in Murray Hill, Manhattan, the property at 309 Lexington Avenue recently changed hands in a sale transaction. The apartment building, with an R10 zoning, offers a total of 49,212 square feet of space. The sale took place on November 22, 2021, with a transaction price of $32,750,000. The buyer, Carrie E Brown, acquired the property from seller Jeffrey Elghanayan.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $32,750,000
- Market: Murray Hill, Manhattan
- Address: 309 Lexington Avenue
- Zoning: R10
The property's building floor space (BSF) measures 49,410, resulting in a price per BSF (PPBSF) of $662. The total square footage (SF) of the property is 49,212, with a price per square foot (PPSF) of $666. The floor area ratio (FAR) is 9.96, and the tax class is 2.
The property sits on a lot with dimensions of 49.42 feet in width and 100 feet in length. The lot size is 4,941 square feet. An alteration permit was issued on October 18, 2018, allowing for modifications to the property.
- Permits: Alteration 2 (10/18/2018)
- Lot Dimension: 49.42 ft x 100 ft
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93