Atara26 LLC Acquires Co-op In Lenox Hill From Terry Allen Kramer For $26M
15 East 69th Street, New York City, New York 10021, United States
$26,000,000
$4,196/SF
Building Size
6,196 SF
Asset Type
Other
Closing
Apr 3, 2022
About this deal
AI
Located at 15 East 69th Street in the affluent neighborhood of Lenox Hill, this co-op property changed hands in a recent sale. The transaction took place on April 4, 2022, with the buyer being Atara26 LLC and the seller being Terry Allen Kramer. The sale price for this property was an impressive $26,000,000. Spanning across 6,196 square feet, the property was sold at a price of $4,196 per square foot.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $26,000,000
Atara26 LLC, represented by their broker Atara26 LLC's REP, acquired this remarkable co-op property from Terry Allen Kramer. The property, boasting its prestigious address at 15 East 69th Street, offers 6,196 square feet of space, setting a benchmark high price of $4,196 per square foot in the Lenox Hill area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93