John & Barbara Vogelstein Acquire Co-op In Lenox Hill For $21M From Seller Suzy Welch. Deborah Grubman Represents The Transaction
301 E 69th St, New York, NY 10021, USA
$1,000,000
$11/SF
Building Size
87,670 SF
Asset Type
Other
Closing
Aug 19, 2018
About this deal
AI
Located in Lenox Hill, this co-op in the market recently changed hands. The property has a total size of 5,000 square feet, with a price per square foot of $4,200. The transaction took place on November 22, 2022, with a sale price of $21,000,000.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $21,000,000
- Square Footage: 5,000
- Price per Square Foot: $4,200
- Market: Lenox Hill
John and Barbara Vogelstein acquired the property from Suzy Welch. The deal was facilitated by Deborah Grubman of The Corcoran Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93