Alexander Shustorovich's IMG Artists Acquires Office In Lenox Hill For $8.78M
127 East 69th Street, New York City, New York 10021, United States
$8,778,375
$1,194/SF
Building Size
7,349 SF
Asset Type
Office
Closing
Aug 15, 2022
About this deal
AI
The office property located at 127 East 69th Street in Lenox Hill, Manhattan has been sold for a total price of $8,778,375. The property consists of 3 units, with an average price per unit of $2,926,125. The total square footage of the property is 7,349, resulting in a price per square foot of $1,194.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $8,778,375
- Units: 3
- Price per Unit: $2,926,125
- Total Square Footage: 7,349
- Price per Square Foot: $1,194
The buyer of the property is Alexander Shustorovich, who is associated with IMG Artists. The seller of the property is Leigh Keno.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93