Dan Bibas Acquires Manhattan SFR From Adam Weitman For $14.4M
123 East 71st Street, New York City, New York 10021, United States
$14,425,000
$2,567/SF
Building Size
5,618 SF
Asset Type
Single Family Residence
Closing
Dec 12, 2021
AI
A single-family residential property located at 123 East 71 Street in Manhattan has been sold for a total sum of $14,425,000. The property spans across 6,800 square feet, resulting in a price per square foot of $2,121. The transaction took place on December 15, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $14,425,000
- Market: Manhattan
The buyer of the property is Dan Bibas, while the seller is Adam Weitman. The sale was facilitated by Beth Benalloul and Sam Benalloul from Corcoran.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93