Updated Dec 4, 2024
The Chetrit Group Sells Upper East Side SFR For $25M
118 E 76th St, New York, NY 10021, USA
$25,000,000
$1,923/SF
Building Size
13,000 SF
Asset Type
Single Family Residence
Closing
Nov 29, 2020
About this deal
AI
Located in the Upper East Side of New York City, the property at 118 East 76th Street recently underwent a closed transaction. The seller, The Chetrit Group, successfully closed the deal with the assistance of brokers from Alexander Team at Douglas Elliman. The property is a single-family residence with a total area of 13,000 square feet.
Summary of transaction details
- Property Type: Single Family Residence
- Transaction Amount: $25,000,000
- Price per Square Foot: $1,923
- Seller: The Chetrit Group
- Brokers: Alexander Team at Douglas Elliman
The Chetrit Group, as the seller, entrusted the Alexander Team at Douglas Elliman to handle the transaction. The property, with a price tag of $25,000,000, boasts a remarkable price per square foot of $1,923. With their expertise, the brokers successfully closed the deal, generating a successful outcome for their client.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93