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Reggie Kronstadt Acquires Midtown East SFR From Eva Baronchuck Meyerhoff For $4.8M

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SOLD
$6,150,000

New York

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Single Family Residence3,167 SF
Sold 11/02/2021
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Property Image
SOLD

Reggie Kronstadt Acquires Midtown East SFR From Eva Baronchuck Meyerhoff For $4.8M

308 East 50th Street, Manhattan, New York, NY, USA

See Similar Deals
Single Family Residence3,167 SF
Sold 11/02/2021
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,941
Total Square Footage:3,167 SF
Transaction Type:Sale

The property located at 310 East 50th Street in Midtown East, Manhattan was sold on January 24, 2022. The single-family residence (SFR) sits on a lot size of 1,858 square feet with dimensions of 18.50 ft x 100.42 ft. The total square footage of the property is 2,466 and the price per square foot (PPSF) is $1,946. The transaction was conducted at a price of $4,800,000.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $4,800,000
  • Market: Midtown East, Manhattan
  • Lot Size: 1,858 square feet
  • Lot Dimension: 18.50 ft x 100.42 ft

Reggie Kronstadt was the buyer in this transaction, while Eva Baronchuck Meyerhoff acted as the seller.

Players

5 deals$71M volume
BUYER

Details

SOLD
IMAGE: 01/24/2022 ADDRESS: 310 East 50th Street MARKET: Midtown East, Manhattan ASSET TYPE: SFR ~ ZONING: R8B/C1-9 BUYER: Reggie Kronstadt SELLER: Eva Baronchuck Meyerhoff PRICE: $4,800,000 SF: 2,466 ~ PPSF: $1,946 LOT SIZE: 1,858 LOT DIMENSION: 18.50 ft x 100.42 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$328,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65