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Stephen Sondheim's East 49th Street Townhouse In Turtle Bay, Manhattan Sells For $7M
SOLD
$7,000,000
New York
See Similar DealsSingle Family5,700 SF
Sold 11/28/2023
SOLD
Stephen Sondheim's East 49th Street Townhouse In Turtle Bay, Manhattan Sells For $7M
246 East 49th Street
See Similar DealsSingle Family5,700 SF
Sold 11/28/2023
Summary
NEW YORK
Asset Type:Single Family
Price Per Square Foot:$1,228
Total Square Footage:5,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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