John Griffin Acquires UES Townhouse From Philip And Lisa Falcone For $77M
SOLD
$77,000,000
New York
See Similar DealsOther300,000 SF
Sold
SOLD
John Griffin Acquires UES Townhouse From Philip And Lisa Falcone For $77M
14 E 67th St #16, New York, NY 10065, USA
See Similar DealsOther300,000 SF
Sold
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$256
Total Square Footage:300000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$273,564.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$365,019.28
Annual Debt Service$4,380,231.40
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