Malda Nadi Hibri And Robert Gregory Eisner Acquire Lenox Hill City Residence For $11M
163 East 78th Street, New York, NY, USA
$11,000,000
$1,940/SF
Building Size
5,670 SF
Asset Type
Other
Closing
Jun 29, 2021
About this deal
AI
The property at 163 East 78th Street, located in Lenox Hill, Manhattan, has been sold in a recent transaction. This city residence, classified as a One Family (A4) under the R8B zoning category, offers a spacious living area of 5,670 square feet. The property was purchased by Malda Nadi Hibri and Robert Gregory Eisner from the seller, Thomas S Hexner, for a price of $11,000,000. With a price per square foot (PPSF) of approximately $1940, this transaction highlights the value of this desirable residence in the Lenox Hill market.
Summary of transaction details:
- Property Type: City Residence One Family (A4) ~ R8B
- Transaction Amount: $11,000,000
- Address: 163 East 78th Street
- Market: Lenox Hill, Manhattan
- Buyer: Malda Nadi Hibri and Robert Gregory Eisner
- Seller: Thomas S Hexner
- Square Footage: 5,670
- Price Per Square Foot (PPSF): $1940
This transaction involved the buyer, Malda Nadi Hibri, and Robert Gregory Eisner, who acquired the property from the seller, Thomas S Hexner. The property's previous sale occurred on April 16, 1997, with no recorded sale price available. The completion of this recent transaction reflects the continued demand and activity in the Lenox Hill real estate market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93