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

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SOLD
$5,600,000

New York

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Single Family Residence2,875 SF
Sold 07/30/2021
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence2,875 SF
Sold 07/30/2021
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,947
Total Square Footage:2,875 SF
Transaction Type:Sale

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

2 deals$12.3M volume
BROKER

Details

SOLD
IMAGE: Caylyn Sullivan DATE: 07/30/2021 ADDRESS: 31 Sutton Place MARKET: Sutton Place,Manhattan ASSET TYPE: SFR ~ ZONING: R10 BUYER: Scott H Kereiakes SELLER: Pamela Ludwick BROKER: Caylyn Sullivan - Leslie J Garfield PRICE: $5,600,000 BSF: 12,500 ~ PPBSF: $448 SF: 2,875 ~ PPSF: $1,947 FAR: 2.30 TAX CLASS: 1 LOT SIZE: 1,250 PERMITS: Alteration type 3 (05/04/2012) LOT DIMENSIONS: 16.67 ft x 75 ft

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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)-$19,895.61
Cash-on-Cash Return-1.27%
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