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27 W 69th St, New York, NY ...

John P McCarthy And Steve Dluzyn Acquire Multi Family Property In Lincoln Square, Manhattan From Lisa Cohn For $60.5M
SOLDMultiFamily

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

John P. McCarthy

HUBB NYC

Broker

$702.1M

vol

14 deals

Broker
John P. McCarthy

John P. McCarthy

HUBB NYC

Buyer

$702.1M

vol

14 deals

Buyer

Lisa Cohn

Seller

$61.5M

vol

6 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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