Updated Dec 21, 2023
Daniel Minkowitz, Ilan Bracha, And Haim Binstock Acquire SFR On Upper East Side For $32.2M
39 East 72nd Street, New York City, New York 10021, United States
$32,200,000
$2,417/SF
Building Size
13,321 SF
Asset Type
Single Family Residence
Closing
Mar 7, 2022
About this deal
AI
The townhouse at 39 East 72nd Street in the Upper East Side has been sold in a closed transaction. The property, with a size of 18,408 square feet, has been sold for a price of $32,200,000, resulting in a price per square foot of $1,749. It features 12 bedrooms, 11 baths, three powder rooms, and 1,500 square feet of outdoor space. The townhouse can be utilized as a rental property or a single-family dwelling with separate guest and staff quarters.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $32,200,000
- Address: 39 East 72nd Street
- Market: Upper East Side
The sale of the townhouse was facilitated by Carrie Chiang from Corcoran, who represented the sellers, Mink Development (Daniel Minkowitz) and B+B Capital (Ilan Bracha and Haim Binstock). The deal was successfully closed on March 8, 2022.
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $2.4K per square foot on a published $32.2M for 13,321 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93