East 79th Street Development Acquires Mixed-Use Property On Upper East Side For $12.8M
154 E 79th St, New York, NY 10075, USA & 154 E 79th St, New York, NY 10075, USA
Building Size
4,080 SF
Asset Type
Mixed-use
Closing
May 3, 2018
About this deal
AI
The mixed-use property located at 154 East 79th Street in New York City's Upper East Side was sold for a total price of $12,800,000. The property has a total square footage of 4,080, resulting in a price per square foot of $3,137.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $12,800,000
- Square Footage: 4,080
- Price per Square Foot: $3,137
- Address: 154 East 79th Street, New York City
- Market: Upper East Side
The seller of the property was Luellen Goldstein. The buyer, East 79th Street Development LLC, was represented by Nancy Black RETAIL. Additionally, the retail tenant of the property is @Candle79.
It is worth noting that the property was previously involved in a lawsuit between Luellen Goldstein and the law firm Stern Keiser & Panken.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93