Brandon Polakoff, Eric Karmitz, Ryan McGuirl & Peter Gottsacker Of Avison Young Sell Mixed-Use Property For $22.8M In Lenox Hill
308 East 78th Street
$22,800,000
$959/SF
Building Size
23,770 SF
Asset Type
Mixed-use
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 308 East 78th Street in the Lenox Hill market. The sale was completed for a total price of $22,800,000, with a total square footage of 23,770 and a price per square foot of $959.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22,800,000
- Address: 308 East 78th Street
- Market: Lenox Hill
- Square Footage: 23,770
- Price per Square Foot: $959
- Brokers: Brandon Polakoff, Eric Karmitz, Ryan McGuirl & Peter Gottsacker - Avison Young
The transaction involved key representatives from Avison Young, with Brandon Polakoff, Eric Karmitz, Ryan McGuirl, and Peter Gottsacker involved in orchestrating the deal. Their expertise was instrumental in facilitating the transaction for the mixed-use property.
On the Map
$22,800,000
$959/SF
Mixed-use
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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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93