Updated Dec 20, 2023
Paolo Mario Giacometti Sells 10-Unit Multifamily In Lenox Hill For $15.5M
5 East 63rd Street, New York City, New York 10065, United States
$15,500,000
$1,305/SF
Building Size
11,875 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
The property at 5 East 63rd Street in Lenox Hill has been sold in a multifamily transaction. The sale took place on 08/04/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Units: 10
- Price per Unit: $1,550,000
- Square Footage: 11,875
- Price per Square Foot: $1,305
The seller of the property was Paolo Mario Giacometti.
The multifamily sale at 5 East 63rd Street, New York City, New York 10065, United States in New York, New York sold for $15.5M in 2022. Reported inventory is 11,875 square feet across 10 units, or about 1.3K per square foot. Named participants on the 5 East 63rd Street, New York City, New York 10065, United States sale are Paolo Mario Giacometti. This page is the New York, New York file for the 5 East 63rd Street, New York City, New York 10065, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 5 East 63rd Street, New York City, New York 10065, United States around 2022. Published consideration for 5 East 63rd Street, New York City, New York 10065, United States is $15.5M, dated 2022. Cite this Paolo Mario Giacometti Sells 10-Unit Multifamily In Lenox Hill For $15.5M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93