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Anthony Simari Acquires Lenox Hill Multifamily For $4.5M

Property Image
SOLD
$4,500,000

New York

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MultiFamily10,139 SF
Sold 12/30/2021
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Property Image
SOLD

Anthony Simari Acquires Lenox Hill Multifamily For $4.5M

424 East 73rd Street, New York City, New York 10021, United States

See Similar Deals
MultiFamily10,139 SF
Sold 12/30/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$443
Total Square Footage:10,139 SF
Transaction Type:Sale

A multifamily property located at 424 East 73 Street in Lenox Hill, Manhattan has been sold on December 30, 2021. The property is zoned as R8B and has a lot size of 2,554 square feet with dimensions of 25 feet by 102.17 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Market: Lenox Hill, Manhattan
  • Buyer: Anthony Simari
  • Seller: John J Curreri

The property was sold for a price of $4,500,000. It has a building square footage (BSF) of 10,216 and a price per BSF of $440. The total square footage of the property is 10,139 with a price per square foot (PPSF) of $443. The floor area ratio (FAR) is 3.97 and the tax class is 2.

Permits for alteration were obtained on October 28, 1999. Please note that no additional details were provided regarding the nature of the alteration.

Players

3 deals$18.2M volume
BUYER

9 deals$56.3M volume
SELLER

Details

SOLD
IMAGE: 12/30/2021 ADDRESS: 424 East 73 Street MARKET: Lenox Hill, Manhattan ASSET TYPE: Multifamily ~ ZONING: R8B BUYER: Anthony Simari SELLER: John J Curreri PRICE: $4,500,000 BSF: 10,216 ~ PPBSF: $440 SF: 10,139 ~ PPSF: $443 FAR: 3.97 TAX CLASS: 2 LOT SIZE: 2,554 PERMITS: Alteration 2 (10/28/1999) LOT DIMENSION: 25 ft x 102.17 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
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