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309 E 60th St, New York, NY...

Jon Chorafan Acquires Mixed-Use Property On 309 East 60th Street In Lenox Hill For $4.05M
SOLDMixed-use

Jon Chorafan Acquires Mixed-Use Property On 309 East 60th Street In Lenox Hill For $4.05M

309 E 60th St, New York, NY 10022, USA

$4,050,000

$705/SF

Building Size

5,740 SF

Asset Type

Mixed-use

Closing

Aug 6, 2019

AI

A mixed-use property located at 309 East 60th Street in Lenox Hill has been sold. The property was purchased by Jon Chorafan from Dr. Kazuko Hillyer Tatsumura for a price of $4,050,000. The property spans 5,740 square feet and was sold at a rate of $705 per square foot. The transaction was facilitated by Greg Corbin and Brandon Serota from Rosewood Realty Group NY.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,050,000
  • Address: 309 East 60th Street, Lenox Hill
  • Buyer: Jon Chorafan
  • Seller: Dr. Kazuko Hillyer Tatsumura
  • Broker: Greg Corbin, Brandon Serota - Rosewood Realty Group NY
  • Square Footage: 5,740
  • Price Per Square Foot: $705

The sale of the property at 309 East 60th Street was facilitated by Greg Corbin and Brandon Serota from Rosewood Realty Group NY. The transaction amount exceeded the asking price, with the property eventually being sold for $4,050,000.

Players

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.92%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93