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134 E 74th St #136, New Yor...

The Petaluma Family Acquires Upper East Side Townhouse For $25.25M
SOLDOther

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

Carrie Chiang

The Corcoran Group

Broker

$276.8M

vol

10 deals

Broker

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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