Updated Oct 29, 2024
Amir Whelan Acquires Lenox Hill SFR In $9M Deal
124 E 64th St, Manhattan, New York, NY, USA
$9,000,000
$2,000/SF
Building Size
4,500 SF
Asset Type
Single Family Residence
Closing
Nov 16, 2020
About this deal
AI
A single-family home located at 124 E. 64th St. in Lenox Hill was recently sold for $9,000,000 on 11/17/2020. The property spans 4,500 square feet, resulting in a price per square foot of $2,000. The building itself has a total square footage of 8,000, leading to a price per total square footage of $1,125. The previous sale of the property was recorded at $14,000,000 in January 2017.
Summary of transation details
- Property Type: Single-Family Home
- Transaction Amount: $9,000,000
- Market: Lenox Hill
- Zoning: R8B
The buyer of the property was Amir Whelan, while the seller was London Management Corp.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $9M for 4,500 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93