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63 West 70th Street, Manhat...

Updated Dec 21, 2023

David Golden And Alexandra Brodman Acquire Old Law Tenement In Lincoln Square For $5.7M
SOLDOther

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.

Players

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $847 per square foot on a published $5.7M for 6,727 square feet (2021).

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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

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