Updated Oct 28, 2024
Kardia 192 Realty CORP. Acquires Multifamily Property In Lenox Hill For $14.75M
320 East 70th Street, New York City, New York 10021, United States
$14,750,000
$523/SF
Building Size
28,160 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
Located in Lenox Hill, the multifamily property at 320 E. 70th St. recently changed hands in a closed transaction. The sale was finalized on April 29, 2022, with a sale price of $14,750,000. The property spans a total of 28,160 square feet, resulting in a price per square foot of $523.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,750,000
- Address: 320 E. 70th St.
- Market: Lenox Hill
Kardia 192 Realty CORP., represented by Isidoros Sfikas, acquired the property from Davand Realty Corp., with Joyce Yeckes as the seller. The transaction was facilitated by Marco Lala, David Raciti, Jack Lala, and Michelle Lala from RM Friedland, who acted as the brokers for the deal.
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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93