Christopher Smith Acquires Lenox Hill SFR For $14.8M With Broker Fox Residential Group
17 East 74th Street, Manhattan, New York, NY, USA
$14,800,000
$2,596/SF
Building Size
5,700 SF
Asset Type
Single Family Residence
Closing
Sep 19, 2021
AI
A single-family residential property located at 17 East 74 Street in Lenox Hill has been sold in a recent transaction. The property is zoned as R8B and has a lot size of 2,043 square feet with dimensions of 20 ft x 102.17 ft.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $14,800,000
- Buyer: Christopher Smith
- Seller: Andrew J Pal
- Broker: Barbara Fox & Alexis Hilton Mintz - Fox Residential Group
- Market: Lenox Hill
Christopher Smith is the buyer of the property, while Andrew J Pal is the seller. The transaction was facilitated by Barbara Fox & Alexis Hilton Mintz from the Fox Residential Group. The property was sold for a price of $14,800,000, with a building square footage (BSF) of 8,172 and a price per building square footage (PPBSF) of $1,811. The property also has a total square footage (SF) of 5,700, resulting in a price per square footage (PPSF) of $2,596. The FAR (Floor Area Ratio) of the property is 2.79, and it falls under tax class 1.
It is worth noting that the property's lot size is 2,043 square feet with dimensions of 20 ft x 102.17 ft.
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93