Townhouse On Upper East Side Sold For $56 Million Represented By Serena Boardman And Susan Baker
4 East 79th Street
$56,000,000
Building Size
—
Asset Type
Single Family
Closing
Sep 12, 2024
AI
A 19th-century townhouse located at 4 East 79th Street in the Upper East Side has been sold for $56 million. This single-family asset features six bedrooms and has a complex history, having been previously owned by a businessman who was murdered in the early 20th century. The recent transaction was facilitated by the estate of its late owner, Aso Tavitian.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $56,000,000
- Address: 4 East 79th Street
- Market: Upper East Side
- Brokers: Serena Boardman & Susan Baker - Sotheby's International Realty
Serena Boardman and Susan Baker represented the seller in this transaction. Their expertise in the real estate market significantly contributed to the successful sale of the property, showcasing the rich historical context surrounding the townhouse.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93