Avison Young & KSR Facilitate $3.25M Mixed-Use Sale In Lenox Hill
404 East 79th Street, New York, NY, USA
$3,250,000
$188/SF
Building Size
17,236 SF
Asset Type
Mixed-use
Closing
May 26, 2020
AI
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.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93