Updated Oct 29, 2024
Sowa Kousan Inc Acquires Lenox Hill Multifamily For $9.5M
339 East 75th Street New York, New York 10021, USA
$9,500,000
$1,135/SF
Building Size
8,370 SF
Asset Type
MultiFamily
Closing
May 31, 2023
About this deal
AI
Sowa Kousan Inc. has acquired an eight-unit residential walk-up building at 339 East 75th Street in Lenox Hill, Manhattan for $9.5 million from Kohji Nagasaka and Koji Nagasaka. The property encompasses 8,370 square feet of built space and 1,140 square feet of additional air rights, allowing for a total buildable area of 9,504 square feet.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $9,500,000
- Building Square Footage: 8,370
- Price per Square Foot (PPSF): $1,135
- Additional Air Rights: 1,140 square feet
- Total Buildable Area: 9,504 square feet
- Address: 339 East 75th Street, Lenox Hill, Manhattan
The buyer, Sowa Kousan Inc, and the seller, Kohji Nagasaka and Koji Nagasaka, were the key individuals and companies involved in this transaction.
On the Map
$9,500,000
$1,135/SF
MultiFamily
View full map
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sowa Kousan to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93