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Peter Brant Acquires Carnegie Hill SFR For $19.9M From Seller Lucy Clark Dougherty & Scott Bessent

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SOLD
$19,999,990

New York

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Single Family Residence6,955 SF
Sold 01/18/2022
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Property Image
SOLD

Peter Brant Acquires Carnegie Hill SFR For $19.9M From Seller Lucy Clark Dougherty & Scott Bessent

69 East 93rd Street, New York City, New York 10128, United States

See Similar Deals
Single Family Residence6,955 SF
Sold 01/18/2022
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,875
Total Square Footage:6,955 SF
Transaction Type:Sale

Located in the prestigious Carnegie Hill neighborhood of Manhattan, this single-family residence spans across two addresses: 67 East 93 Street & 69 East 93rd St. The property, with a lot size of 2,215 square feet and dimensions of 22 ft x 100.67 ft, is zoned R8B. A notable feature of this property is its floor area ratio (FAR) of 3.14, allowing for additional development potential.

Summary of Transaction Details

  • Property Type: Single-Family Residence
  • Transaction Amount: $19,999,990
  • Buyer: Peter Brant
  • Seller: Lucy Clark Dougherty & Scott Bessent
  • Building Square Footage: 6,955
  • Price per Square Foot: $2,875
  • Total Building Square Footage (BSF): 19,028
  • Price per Buildable Square Foot (PPBSF): $1,051

Peter Brant, as the buyer, successfully acquired this impressive property. The transaction was completed on January 18, 2022. The property, classified as tax class 1, underwent an alteration permit on May 5, 2016, marked as Alteration 3. The purchase price of $19,999,990 reflects the value of this exclusive residence located in the highly sought-after Carnegie Hill market.

Players

2 deals$66.7M volume
BUYER

Details

SOLD
IMAGE: 01/18/2022 ADDRESS: 67 East 93 Street & 69 East 93rd St MARKET: Carnegie Hill, Manhattan ASSET TYPE: SFR ~ ZONING: R8B BUYER: Peter Brant SELLER: Lucy Clark Dougherty & Scott Bessent PRICE: $19,999,990 BSF: 19,028 ~ PPBSF: $1,051 SF: 6,955 ~ PPSF: $2,875 FAR: 3.14 TAX CLASS: 1 LOT SIZE: 2,215 PERMITS: Alteration 3 (05/05/2016) LOT DIMENSION: 22 ft x 100.67 ft

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

$1,066,666.13

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.16
Annual Debt Service$1,137,721.87