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39 East 72nd Street, New Yo...

Daniel Minkowitz, Ilan Bracha, And Haim Binstock Acquire SFR On Upper East Side For $32.2M
SOLDSingle Family Residence

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

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.

Players

Carrie Chiang

The Corcoran Group

Broker

$276.8M

vol

10 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93