John P McCarthy And Steve Dluzyn Acquire Multi Family Property In Lincoln Square, Manhattan From Lisa Cohn For $60.5M
27 W 69th St, New York, NY 10023, USA
$6,060,000
$78/SF
Building Size
76,920 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
AI
The multi-family property located at 75 & 77 West 68th Street and 72, 74 & 76 West 69th Street in Lincoln Square, Manhattan has been sold. The property has a zoning designation of C1-8A and comprises a total of 62,560 square feet, with a building square footage (BSF) of 113,274. The property sits on a lot size of 3,515 square feet, with dimensions of 35 ft x 100.42 ft. The transaction took place on November 9, 2021.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $60,500,000
- Price per Building Square Foot (PPBSF): $534
- Price per Square Foot (PPSF): $967
- Floor Area Ratio (FAR): 3.76
- Tax Class: 2
- Last Sale Price: $0 (12/23/2003)
The buyers of the property are John P McCarthy and Steve Dluzyn, while the seller is Lisa Cohn. The property was sold for a price of $60,500,000, with a price per building square foot (PPBSF) of $534 and a price per square foot (PPSF) of $967. The property's floor area ratio (FAR) is 3.76 and it falls under tax class 2. The property's last sale price was $0 on December 23, 2003.
Players
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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93