Updated Oct 25, 2024
Jason Carter Acquires Multifamily Property In Lenox Hill For $51M
305 E 61st St, New York, NY 10065, USA
$51,000,000
$770/SF
Building Size
66,234 SF
Asset Type
MultiFamily
Closing
Sep 15, 2020
About this deal
AI
A multifamily property located at 305 East 61st Street in the Lenox Hill neighborhood has been sold for $51,000,000. The property spans 66,234 square feet and has a price per square foot of $769. The asset falls under the zoning designation of R8B, C2-5.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,000,000
- Address: 305 East 61st Street
- Market: Lenox Hill
- Zoning: R8B, C2-5
Jason Carter has purchased the property from Mitchell Marks. The transaction was facilitated by Greg Corbin from Rosewood Realty Group and Richard Maltz from Maltz Auctions.
On the Map
$51,000,000
$770/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93