David Golden And Alexandra Brodman Acquire Old Law Tenement In Lincoln Square For $5.7M
63 West 70th Street, Manhattan, New York, NY, USA
$5,700,000
$847/SF
Building Size
6,727 SF
Asset Type
Other
Closing
Jun 28, 2021
About this deal
AI
Located at 63 West 70th Street in the Lincoln Square market, this transaction involved the sale of an Old Law Tenement property. The property is zoned as R8B and C1-8A, allowing for various uses. The transaction took place on June 29, 2021.
Summary of Transaction Details
- Property Type: Old Law Tenement
- Sale Price: $5,700,000
- Total Building Square Footage: 8,032
- Price per Building Square Foot: $709
- Total Lot Square Footage: 6,727
- Price per Square Foot: $847
- FAR (Floor Area Ratio): 3.35
- Tax Class: 2B
- Lot Size: 2,008
- Permits: Alteration type 2 (05/21/2019)
- Lot Dimensions: 20 ft x 100.42 ft
The buyers in this transaction were David Golden and Alexandra Brodman. The sellers were Joel Ritz. The deal was facilitated without any additional information available about the brokers or representatives involved.
On the Map
$5,700,000
$847/SF
Other
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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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93