2 East Mansion LLC Purchases Marymount School Of New York's Carnegie Hill Building For $19M
2 E 82nd St New York, NY 10028, USA
$19,000,000
$1,542/SF
Building Size
12,316 SF
Asset Type
School
Closing
Aug 1, 2023
About this deal
AI
A school building located at 2 East 82nd Street in Manhattan's Carnegie Hill neighborhood has been sold for $19 million. The building, formerly owned by Marymount School of New York, was purchased by 2 East Mansion LLC.
Summary of transaction details
- Property Type: School
- Transaction Amount: $19,000,000
- Address: 2 East 82nd Street, New York
- Market: Carnegie Hill, Manhattan
2 East Mansion LLC acquired the Marymount School of New York's building at 2 East 82nd Street in Manhattan's Carnegie Hill for $19 million. This transaction involved a total square footage of 12,316 and a price per square foot of $1,543.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93