Updated Dec 18, 2023
Stephen Bertrand Acquires Single Family Property In Lenox Hill For $10.35M
211 East 61st Street, New York City, New York 10065, United States
$10,350,000
$2,326/SF
Building Size
4,448 SF
Asset Type
Single Family Residence
Closing
Mar 3, 2022
About this deal
AI
The single-family property located at 211 East 61st Street in Lenox Hill, Manhattan has been sold. The transaction took place on 03/04/2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,350,000
- Market: Lenox Hill, Manhattan
- Zoning: R8B
The buyer of the property is Stephen Bertrand, while the seller is Sandy Todd Schwartz. The property was purchased for a price of $10,350,000.
The property has a building square footage (BSF) of 7,232, with a price per BSF (PPBSF) of $1,431. The total square footage (SF) of the property is 4,448, with a price per SF (PPSF) of $2,326.
The property's floor area ratio (FAR) is 2.46, and it falls under tax class 1. The lot size measures 1,808 square feet. The previous sale of the property occurred on 01/22/2015 for a price of $10,875,000. It was also subject to an alteration permit on 08/01/2012.
The dimensions of the lot are 18 feet in width and 100.42 feet in depth.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $10.4M for 4,448 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93