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60 East 66th Street

Tatar Holding Acquires MultiFamily Property In Lenox Hill, Manhattan For $11M
SOLDRetail

Tatar Holding Acquires MultiFamily Property In Lenox Hill, Manhattan For $11M

60 East 66th Street

$11,000,000

$1,126/SF

Building Size

9,769 SF

Asset Type

Retail

Closing

Sep 12, 2023

AI

The property at 60 East 66th Street in Lenox Hill, Manhattan has been sold in a transaction. The multi-family asset was acquired by Tatar Holding from Thor Equities. The deal was facilitated by brokers Matthew Lesser and Ravi Kantha from Leslie Garfield. The sale price for the property was $11,000,000. The property consists of 10 units, with a price per unit of $1,100,000. The total square footage of the property is 9,769, with a price per square foot of $1,126.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $11,000,000
  • Units: 10
  • Price per Unit: $1,100,000
  • Square Footage: 9,769
  • Price per Square Foot: $1,126

The transaction involved Tatar Holding as the buyer and Thor Equities as the seller. The property was represented by brokers Matthew Lesser and Ravi Kantha from Leslie Garfield. This deal showcases the expertise and negotiation skills of these industry professionals in the Lenox Hill, Manhattan market.

Players

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker
Thor Equities
Thor EquitiesSeller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93