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Douglas L Wu And Hope S Whitney Acquire Lenox Hill SFR For $7.2M

Property Image
SOLD
$7,200,000

New York

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Single Family Residence3,363 SF
Sold 09/10/2021
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Property Image
SOLD

Douglas L Wu And Hope S Whitney Acquire Lenox Hill SFR For $7.2M

224 East 62nd Street, New York City, New York 10065, United States

See Similar Deals
Single Family Residence3,363 SF
Sold 09/10/2021
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,140
Total Square Footage:3,363 SF
Transaction Type:Sale

The property at 224 East 62nd Street in Lenox Hill has been sold in a recent transaction. The single-family residential (SFR) property is zoned as R8B. The transaction took place on 09/10/2021.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,200,000
  • Market: Lenox Hill
  • Address: 224 East 62nd Street
  • Buyer: Douglas L Wu and Hope S Whitney
  • Seller: Joan G Dineen and Christopher W D Gould
  • Broker: Thomas Wexler & Matthew Pravda - Leslie J. Garlfield
  • Price: $7,200,000
  • Building Square Footage (BSF): 7,600
  • Price Per Building Square Foot (PPBSF): $947
  • Property Square Footage (SF): 3,363
  • Price Per Square Foot (PPSF): $2,140
  • Last Sale Price: $5,100,000 (4/14/2010)

The buyers in this transaction were Douglas L Wu and Hope S Whitney. They purchased the property from Joan G Dineen and Christopher W D Gould. The broker representing both parties in the deal was Thomas Wexler & Matthew Pravda from Leslie J. Garlfield.

Players

Thomas (Tom) Wexler
9 deals$137.9M volume
BROKER

Matthew Pravda
Leslie Garfield
8 deals$82.2M volume
BROKER

Details

SOLD
IMAGE: Thomas Wexler & Matthew Pravda DATE: 09/10/2021 ADDRESS: 224 East 62nd Street MARKET: Lenox Hill ASSET TYPE: SFR ~ ZONING: R8B BUYER: Douglas L Wu and Hope S Whitney SELLER: Joan G Dineen and Christopher W D Gould BROKER: Thomas Wexler & Matthew Pravda - Leslie J. Garlfield PRICE: $7,200,000 BSF: 7,600 ~ PPBSF: $947 SF: 3,363 ~ PPSF: $2,140 LAST SALE PRICE: $5,100,000 (4/14/2010)

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
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