Mixed-Use Redevelopment At 49 East 78th Street Sold For $10.8 Million In Lenox Hill
SOLD
New York
See Similar DealsMultiFamily10,870 SF
Sold
SOLD
Mixed-Use Redevelopment At 49 East 78th Street Sold For $10.8 Million In Lenox Hill
49 East 78th Street
See Similar DealsMultiFamily10,870 SF
Sold
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.
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Deal Type
30 years
10 years
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
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