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35 East 63rd Street

Mitchel A. Maidman Of Townhouse Management Company Sells Multifamily Property In Manhattan For $28M
SOLDMultiFamily

Mitchel A. Maidman Of Townhouse Management Company Sells Multifamily Property In Manhattan For $28M

35 East 63rd Street, 37 East 63rd Street & 39 East 63rd Street

$28,000,000

$466/SF

Building Size

60,000 SF

Asset Type

MultiFamily

Closing

Mar 23, 2026

AI

The property involved in this transaction comprises three multifamily assets located at 35 East 63rd Street, 37 East 63rd Street, and 39 East 63rd Street in Manhattan. The total sale price for the assets amounted to $28,000,000, with a total square footage of 20,000 and a price per square foot of $1,400.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $28,000,000
  • Square Footage: 20,000
  • Price per Square Foot: $1,400
  • Seller: Mitchel A. Maidman - Townhouse Management Company
  • Broker: Thomas Wexler - Leslie Garfield
  • Date of Transaction: 03/23/2026
  • Market: Manhattan

This transaction involved Mitchel A. Maidman representing Townhouse Management Company as the seller, with Thomas Wexler from Leslie Garfield acting as the broker. Notably, both individuals played significant roles in facilitating the transaction in Manhattan's multifamily market.

Players

Thomas Wexler

Leslie Garfield

Broker

$137.9M

vol

9 deals

Broker
TC
Townhouse Management CompanySeller

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93