facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

452 East 78th Street, New Y...

John P McCarthy And Steve Dluzyn Acquire Multi Family Property In Lenox Hill, Manhattan
SOLDMultiFamily

John P McCarthy And Steve Dluzyn Acquire Multi Family Property In Lenox Hill, Manhattan

452 East 78th Street, New York, NY, USA

$4,900,000

$816/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Nov 8, 2021

AI

The multi-family property located at 452 East 78th Street in Lenox Hill, Manhattan, has been sold for a total price of $4,900,000. The property is zoned as R10, C1-5 and has a floor area ratio (FAR) of 3.51. The tax class for this property is 2. The lot size is measured at 1,711 square feet, with dimensions of 25 feet by 68.42 feet. The last recorded sale of this property was on January 20, 2004, for a price of $2,407,143.

Summary of transaction details

  • Property Type: Multi Family
  • Sale Price: $4,900,000
  • Building Square Feet: 6,000
  • Price per Square Foot: $817
  • Lot Size: 1,711 square feet
  • Last Sale Price: $2,407,143 (1/20/2004)

The buyers in this transaction were John P McCarthy and Steve Dluzyn, while the seller was Lisa Cohn.

Players

John P. McCarthy

HUBB NYC

Broker

$702.1M

vol

14 deals

Broker
John P. McCarthy

John P. McCarthy

HUBB NYC

Buyer

$702.1M

vol

14 deals

Buyer

Lisa Cohn

Seller

$61.5M

vol

6 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93