facebook
Traded Co logo
Submit

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

Property Image
SOLD
$11,000,000

New York

See Similar Deals
Retail9,769 SF
Sold 09/12/2023
the dealplayerscompscontact
Property Image
SOLD

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

60 East 66th Street

See Similar Deals
Retail9,769 SF
Sold 09/12/2023
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,126
Total Square Footage:9,769 SF
Transaction Type:Sale

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 "Matt" Lesser
40 deals$579.5M volume
BROKER

Ravi Kantha
Serhant
31 deals$409M volume(914) 224-2191
BROKER

Thor Equities
SELLER

Details

SOLD
IMAGE: Matthew Lesser & Ravi Kantha DATE: 09/12/2023 ADDRESS: 60 East 66th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: MultiFamily BUYER: Tatar Holding SELLER: Thor Equities (@ThorEquities) BROKERS: Matthew Lesser (@TheTownHouser) & Ravi Kantha (@TheTownhouseHuy) - Leslie Garfield (@LeslieJGarfield) SALE PRICE: $11,000,000 UNITS: 10 ~ PPU: $1,100,000 SF: 9,769 ~ PPSF: $1,126

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34