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175 East 64th Street, Manha...

Andrew Sussman Acquires SFR In Lenox Hill, Manhattan For $7.8M
SOLDSingle Family Residence

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

Serena Boardman

Sotheby's International Realty

Broker

$138.2M

vol

6 deals

Broker
H. Michael Schwartz

H. Michael Schwartz

SmartStop Self Storage REIT

Seller

$19.2M

vol

5 deals

Seller

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