Andrew W. Mellon Foundation Acquires SFR In Lenox Hill For $7.8M
SOLD
$7,800,000
New York
See Similar DealsSingle Family Residence5,432 SF
Sold 06/09/2020
SOLD
Andrew W. Mellon Foundation Acquires SFR In Lenox Hill For $7.8M
146 E 62nd St, New York, NY 10065, USA
See Similar DealsSingle Family Residence5,432 SF
Sold 06/09/2020
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,435
Total Square Footage:5,432 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 146 East 62nd St in Lenox Hill. The property spans 5,432 square feet and was sold for a price of $7,800,000. The price per square foot for this transaction is $1,435.
Summary of transaction details
- Property Type: Single-Family Home (SFR)
- Transaction Amount: $7,800,000
- Address: 146 East 62nd St
- Market: Lenox Hill
- Square Footage: 5,432
- Price per Square Foot: $1,435
In this transaction, the buyer is the Andrew W. Mellon Foundation and the seller is Christopher Cerf.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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