Updated Feb 24, 2025
Martin Nussbaum Acquires Multifamily Asset In Carnegie Hill For $8.6M
68 East 91st Street, Manhattan, New York, NY, USA
$8,600,000
$1,849/SF
Building Size
4,650 SF
Asset Type
MultiFamily
Closing
Jun 17, 2021
About this deal
AI
The multifamily property located at 68 East 91st Street in Carnegie Hill has been sold. The transaction took place on June 18, 2021. The property is zoned as R8B, LH-1A and has a tax class of 1. It sits on a lot size of 2,013 square feet with dimensions of 20 feet by 100.67 feet. The property underwent an alteration type 2 permit on July 10, 2006.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,600,000
- Building Square Footage: 8,052
- Price per Building Square Foot: $1,068
- Lot Square Footage: 4,650
- Price per Square Foot: $1,849
- FAR: 2.31
The buyer of the property is Martin Nussbaum, while the seller is Michael J Rietbrock. The deal was brokered by 's REP.
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93