Jennifer Saville Acquires Mixed-Use Building In Lenox Hill For $11.5M
154 East 71st Street New York, New York 10021, USA
$11,500,000
$1,236/SF
Building Size
9,300 SF
Asset Type
Mixed-use
Closing
Jun 2, 2023
About this deal
AI
Jennifer Saville has purchased a two-unit mixed-use building located at 154 East 71st Street in Lenox Hill, Manhattan. The property was sold by the estate of Stephen E. Kelly for a total of $11.5 million. The building spans a total area of 9,300 square feet, resulting in a price per square foot of $1,237.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $11,500,000
- Address: 154 East 71st Street
- Market: Lenox Hill, Manhattan
In this transaction, Jennifer Saville acted as the buyer, while Stephen E. Kelly represented the seller. The acquisition marks a significant investment in the Mixed-Use market in Lenox Hill, Manhattan.
Players
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93