Anthony Simari Acquires Lenox Hill Multifamily For $4.5M
424 East 73rd Street, New York City, New York 10021, United States
$4,500,000
$443/SF
Building Size
10,139 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
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.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93