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.
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