Douglas Elliman Acquires Multifamily Property In Lenox Hill For $5.85M

The recently closed transaction in Lenox Hill involved the sale of a multifamily property located at 305 East 78th Street. The property, totaling 9,884 square feet, was sold for a price of $5,850,000. With a price per square foot of $591, this transaction represents a significant investment in the Lenox Hill market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,850,000
• Address: 305 East 78th Street
• Market: Lenox Hill
• Zoning: R8B

Steffen Kral from Douglas Elliman represented the buyer in this transaction, while Wolf Jakubowski from Brown Harris Stevens represented the seller. Both brokers played crucial roles in ensuring a successful deal.