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31 Sutton Place, Manhattan,...

Scott H Kereiakes Acquires SFR In Sutton Place, Manhattan For $5.6M
SOLDSingle Family Residence

Scott H Kereiakes Acquires SFR In Sutton Place, Manhattan For $5.6M

31 Sutton Place, Manhattan, New York, NY, USA

$5,600,000

$1,947/SF

Building Size

2,875 SF

Asset Type

Single Family Residence

Closing

Jul 29, 2021

AI

The property involved in this transaction is a single-family home located at 31 Sutton Place in the Sutton Place neighborhood of Manhattan. It is zoned as R10 and sits on a lot with dimensions of 16.67 ft x 75 ft.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $5,600,000
  • Market: Sutton Place, Manhattan
  • Buyer: Scott H Kereiakes
  • Seller: Pamela Ludwick
  • Broker: Caylyn Sullivan - Leslie J Garfield
  • Building Square Footage (BSF): 12,500
  • Price per Building Square Foot (PPBSF): $448
  • Building Size (SF): 2,875
  • Price per Square Foot (PPSF): $1,947
  • Floor Area Ratio (FAR): 2.30
  • Tax Class: 1
  • Lot Size: 1,250
  • Permits: Alteration type 3 (05/04/2012)

Notable features of the property include its prime location in the prestigious Sutton Place neighborhood and its generous building size of 12,500 square feet. The sale price for the property was $5,600,000, with a price per square foot of $1,947. The transaction was facilitated by Caylyn Sullivan of the Leslie J Garfield brokerage.

Players

Caylyn Sullivan

Broker

$12.3M

vol

2 deals

Broker

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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93