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
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