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17 East 74th Street, Manhat...

Christopher Smith Acquires Lenox Hill SFR For $14.8M With Broker Fox Residential Group
SOLDSingle Family Residence

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

Barbara Fox

Broker

$14.8M

vol

1 deal

Broker
Christopher Smith

Christopher Smith

Ohana Real Estate Investors

Buyer

$485.5M

vol

5 deals

Buyer

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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