Updated Oct 29, 2024
Bookstein Projects Leases 4th Floor Multifamily Space At 39 East 78th Street In Lenox Hill, Manhattan
39 E 78th St New York, NY 10075, USA
$91
$91/SF
Building Size
1,443 SF
Asset Type
MultiFamily
Closing
Aug 8, 2023
About this deal
AI
The multifamily property located at 39 East 78th Street, 4th Floor in Lenox Hill, Manhattan has been leased. The deal was facilitated by Douglas Elliman brokers Corey Shuster and Arthur Maglio. The property was leased to Bookstein Projects.
Summary of transaction details
- Property Type: Multifamily
- Asking Rent: $91/ft
- Square Footage: 1,443
- Address: 39 East 78th Street, 4th Floor
- Market: Lenox Hill, Manhattan
The lease transaction for the property at 39 East 78th Street, 4th Floor was successfully negotiated by Corey Shuster and Arthur Maglio of Douglas Elliman. They represented the tenant, Bookstein Projects, in this deal.
On the Map
$91
$91/SF
MultiFamily
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Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
174318.68%
Cash-on-Cash
-49820.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93