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246 East 49th Street

Stephen Sondheim's East 49th Street Townhouse In Turtle Bay, Manhattan Sells For $7M
SOLDSingle Family

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

George Vanderploeg

Douglas Elliman

Broker

$19M

vol

3 deals

Broker

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