The Petaluma Family Acquires Upper East Side Townhouse For $25.25M
134 E 74th St #136, New York, NY 10021, USA
$25,250,000
$2,104/SF
Building Size
12,000 SF
Asset Type
Other
Closing
Jun 26, 2019
AI
Located on the Upper East Side of Manhattan, the property at 134-136 East 74th Street has changed hands in a closed transaction. This townhouse, spanning a total of 12,000 square feet, boasts an elegant and desirable location in one of New York City's most prestigious neighborhoods. The property was listed for an asking price of $29,500,000, and it was ultimately sold for $25,250,000. The sale price translates to an average price per square foot of $2,104, reflecting the high-value nature of the property.
Summary of transaction details:
- Property Type: Townhouse
- Transaction Amount: $25,250,000
- Address: 134-136 East 74th Street
- Market: Upper East Side
- Square Footage: 12,000
Larry Gluck and Ivan Hakimian served as the sellers of this townhouse. Both Larry Gluck, representing Stellar Management, and Ivan Hakimian, representing HPNY, were involved in the transaction. On the buyer's side, the Petaluma family secured this impressive property. The buyer was represented by Carrie Chiang and Loy Carlos of The Corcoran Group, along with Roberta Golubock of Sotheby's Realty.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93