Joseph Chetrit Acquires Lenox Hill Town House For $14.9M
125 East 65th Street, New York City, New York 10065, United States
$14,900,000
$1,243/SF
Building Size
11,986 SF
Asset Type
Other
Closing
Oct 17, 2021
About this deal
AI
A townhouse located at 125 East 65 Street in Lenox Hill has been sold in a recent transaction. The property, with an address in a desirable neighborhood, offers attractive features and amenities. The sale was finalized on 10/18/2021, with Joseph Chetrit acquiring the property from Nicholas Kwong. The transaction price for this townhouse was $14,900,000.
Summary of transaction details
- Property Type: Town House
- Transaction Amount: $14,900,000
- Market: Lenox Hill
- Zoning: R8B
The townhouse has a building square footage (BSF) of 14,060, resulting in a price per BSF of $1,059. The total square footage (SF) of the property is 11,986, giving a price per SF of $1,243. The property's floor-to-area ratio (FAR) is 3.41, and it falls under tax class 1. The lot size measures 3,515 square feet.
Additional details about the property include the previous sale price of $22,000,000 on 09/17/2014. A permit for alteration was obtained on 10/07/2015. The lot dimensions are approximately 35 feet by 100.42 feet.
Overall, the sale of this townhouse in Lenox Hill reflects a significant transaction in the real estate market, with Joseph Chetrit as the buyer and Nicholas Kwong as the seller.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93