Updated Dec 21, 2023
Richard Brand Acquires Single Family Property In Carnegie Hill, Manhattan For $4.6M
101c East 97th Street, New York City, New York 10029, United States
$4,556,900
$1,511/SF
Building Size
3,015 SF
Asset Type
Single Family Residence
Closing
Jul 10, 2022
About this deal
AI
The property located at 101 C East 97th Street in Carnegie Hill, Manhattan was recently sold in a closed transaction. The single-family property is zoned R7-2 and has a lot size of 847. The last recorded sale for this property was on July 28, 2015, for a price of $4,650,000. It underwent an alteration permit on May 5, 2016. The lot dimensions are 33.33 ft x 25.42 ft.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,556,900
- Market: Carnegie Hill, Manhattan
- Buyer: Richard Brand
- Seller: Richard Brand
- Building Square Footage: 2,914
- Price per Building Square Foot: $1,563
- Lot Square Footage: 3,015
- Price per Lot Square Foot: $1,511
- Floor Area Ratio (FAR): 3.56
- Tax Class: 1
The transaction involved Richard Brand as both the buyer and seller, representing himself in the deal. The property was sold for $4,556,900, with a building square footage of 2,914 and a lot square footage of 3,015. The price per building square foot was $1,563, and the price per lot square foot was $1,511. The property has a floor area ratio (FAR) of 3.56 and is classified under tax class 1.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.5K per square foot on a published $4.6M for 3,015 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.48%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93