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320 East 70th Street, New Y...

Kardia 192 Realty CORP. Acquires Multifamily Property In Lenox Hill For $14.75M
SOLDMultiFamily

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

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

Jack Lala

RM Friedland

Broker

$107.1M

vol

11 deals

Broker

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