Douglas L Wu And Hope S Whitney Acquire Lenox Hill SFR For $7.2M
SOLD
New York
See Similar DealsSingle Family Residence3,363 SF
Sold 09/10/2021
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 DealsSingle Family Residence3,363 SF
Sold 09/10/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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