Updated Dec 20, 2023
Paolo Mario Giacometti Sells Lenox Hill Multifamily For $15.5M
3 E 63rd St, New York, NY 10065, USA
$11,500,000
$1,215/SF
Building Size
9,463 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
The multifamily property located at 5 East 63rd Street in Lenox Hill has been sold. The transaction took place on August 4, 2022, and was completed for a total price of $15,500,000. The property consists of 10 units, with each unit valued at approximately $1,550,000. The total square footage of the property is 11,875, resulting in a price per square foot of $1,305.
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
- Market: Lenox Hill
The seller of the property was Paolo Mario Giacometti.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Paolo Mario Giacometti 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93