Stephen Sondheim's East 49th Street Townhouse In Turtle Bay, Manhattan Sells For $7M
246 East 49th Street
$7,000,000
$1,228/SF
Building Size
5,700 SF
Asset Type
Single Family
Closing
Nov 28, 2023
AI
A single-family townhouse located at 246 East 49th Street in Turtle Bay, Manhattan has been sold for $7 million. The property spans 5,700 square feet, resulting in a price per square foot of $1,228.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $7,000,000
- Address: 246 East 49th Street, Turtle Bay, Manhattan
- Market: Turtle Bay, Manhattan
The buyer's representative in this transaction was George Vanderploeg from Douglas Elliman, while the seller's representative was Michael Franco from Compass.
It is worth noting that this townhouse was previously owned by Stephen Sondheim for approximately 60 years until his death in 2021.
Players
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93