Andrew Sussman Acquires SFR In Lenox Hill, Manhattan For $7.8M
175 East 64th Street, Manhattan, New York, NY, USA
$7,800,000
$2,257/SF
Building Size
3,455 SF
Asset Type
Single Family Residence
Closing
Jul 21, 2021
AI
The property at 175 East 64th Street in Lenox Hill, Manhattan has been sold for a price of $7,800,000. The single-family residential (SFR) asset is zoned under R8B zoning and has a building square footage (BSF) of 6,428. The price per BSF is $1,213, while the total square footage (SF) of the property is 3,455, with a price per SF of $2,257. The lot size is 1,607.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,800,000
- Market: Lenox Hill, Manhattan
- Zoning: R8B
The buyer of the property is Andrew Sussman, while the seller is Michael Schwartz. The deal was facilitated by brokers Serena Boardman, Maria Bazo, Julie Hascoe, and Eileen Angelo from Sothebys. The property's floor area ratio (FAR) is 2.15, and its tax class is 1. The last sale price of the property was $8,500,000 on June 24, 2015. Additionally, permits were issued for an alteration type 2 on August 6, 2015. The lot dimensions are 16 ft x 100.42 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93