Anonymous Buyer Acquires Three Townhouses On East 63rd Street For $34.5M In Lenox Hill
7 East 69th Street
$34,500,000
$1,725/SF
Building Size
20,000 SF
Asset Type
Single Family
Closing
May 27, 2025
AI
A single-family asset located at 7 East 69th Street in the Lenox Hill market has been sold for $34,500,000. The property encompasses over 20,000 square feet, with a price per square foot of $1,725.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $34,500,000
- Square Footage: 20,000
- Price Per Square Foot: $1,725
- Address: 7 East 69th Street
- Market: Lenox Hill
The deal was represented by brokers Jed Garfield and Thomas Wexler from Leslie Garfield. An anonymous buyer acquired three adjoining 6-story townhouses on East 63rd Street with plans to convert the complex into a single-family home.
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93