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Mixed-Use Redevelopment At 49 East 78th Street Sold For $10.8 Million In Lenox Hill

Property Image
SOLD
$10,800,000

New York

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MultiFamily10,870 SF
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SOLD

Mixed-Use Redevelopment At 49 East 78th Street Sold For $10.8 Million In Lenox Hill

49 East 78th Street

See Similar Deals
MultiFamily10,870 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$993
Total Square Footage:10870 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 49 East 78th Street in the Lenox Hill market. It is classified as a mixed-use/redevelopment asset with a total sale price of $10,800,000. The building encompasses a square footage of 10,870, resulting in a price per square foot of $993.

Summary of transaction details:

  • Property Type: Mixed-Use/Redevelopment
  • Transaction Amount: $10,800,000
  • Address: 49 East 78th Street
  • Market: Lenox Hill
  • Square Footage: 10,870
  • Price per Square Foot: $993

The key individuals involved in this transaction are brokers John J. Stewart and Dylan Torey, who represent the seller in this deal through Marcus & Millichap.

Players

John J. Stewart
29 deals$204.1M volume
BROKER

Dylan Torey
Marcus & Millichap
12 deals$69.2M volume
BROKER

Details

SOLD
IMAGE: John J. Stewart & Dylan Torey DATE: 2/19/2026 ADDRESS: 49 East 78th Street MARKET: Lenox Hill ASSET TYPE: Mixed-Use/Redevelopment BROKERS: John J. Stewart (@nycbuildingadvisors) & Dylan Torey - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $10,800,000 SF: 10,870 ~ PPSF: $993

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$576,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12