Avison Young & KSR Facilitate $3.25M Mixed-Use Sale In Lenox Hill
SOLD
$3,250,000
New York
See Similar DealsMixed-use17,236 SF
Sold 05/26/2020
SOLD
Avison Young & KSR Facilitate $3.25M Mixed-Use Sale In Lenox Hill
404 East 79th Street, New York, NY, USA
See Similar DealsMixed-use17,236 SF
Sold 05/26/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$188
Total Square Footage:17,236 SF
Transaction Type:Sale
Located at 404 E. 79th Street in Lenox Hill, this mixed-use property was recently sold for $3,250,000. The property spans a total area of 17,236 square feet, resulting in a price per square foot of $188. The sale took place on May 26, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,250,000
- Address: 404 E. 79th Street
- Market: Lenox Hill
- Square Footage: 17,236
The sale of this property was facilitated by the brokers Brent Glodowski and Bradley Rothschild from Avison Young, along with Joshua Berkun from KSR.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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