John Griffin Acquires UES Townhouse From Philip And Lisa Falcone For $77M
14 E 67th St #16, New York, NY 10065, USA
$77,000,000
$256/SF
Building Size
300,000 SF
Asset Type
Other
Closing
Jun 6, 2019
About this deal
AI
Located at 14-16 E 67th St, this townhouse in the Upper East Side (UES) was recently sold in a closed transaction. The property spans 30,000 square feet, with a price tag of $77 million, equating to a price per square foot of $2,566. The deal involved prominent individuals in the real estate industry.
Summary of transaction details
- Property Type: Townhouse
- Transaction Amount: $77M
- Square Footage: 30,000
- Price per Square Foot: $2,566
- Address: 14-16 E 67th St
- Market: UES
John Griffin emerged as the buyer in this transaction, while Philip and Lisa Falcone were the sellers. Representing the buyer was Adam Modlin from Modlin Group.
It is worth noting that the Falcones acquired this townhouse for $49 million back in 2008.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $256 per square foot on a published $77M for 300,000 square feet (2019).
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Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93