facebook
Traded Co logo
Submit

Faiz Alvi Ahmad Acquires SFR In Lenox Hill, Manhattan For $3.15M

Property Image
SOLD
$8,750,000

New York

See Similar Deals
Single Family Residence4,024 SF
Sold 06/15/2021
the dealplayerscompscontact
Property Image
SOLD

Faiz Alvi Ahmad Acquires SFR In Lenox Hill, Manhattan For $3.15M

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

See Similar Deals
Single Family Residence4,024 SF
Sold 06/15/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,174
Total Square Footage:4,024 SF
Transaction Type:Sale

The property involved in this closed transaction is located at 119 East 78th Street in Lenox Hill, Manhattan. It is a single-family residential asset with a total square footage of 4,024. The property was sold on June 15, 2021, at a price of $3,148,000. The buyer of the property is Faiz Alvi Ahmad, while the seller is Mary White. The property has a building square footage (BSF) of 7,628, with a price per BSF (PPBSF) of $412. The price per square foot (PPSF) for the property is $782. The zoning for this property is R8B with LH-1A designation. The floor area ratio (FAR) is 2.11, and the tax class is 1. The lot size is 1,907 square feet, and the lot dimensions are 18.67 ft x 102.17 ft. A permit for alteration was issued on January 30, 2013.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $3,148,000
  • Market: Lenox Hill, Manhattan
  • Zoning: R8B, LH-1A

Faiz Alvi Ahmad acted as the buyer in this transaction, while Mary White acted as the seller. The deal was closed without any additional information available.

Players

Sami Hassoumi
2 deals$55.5M volume
BROKER

Details

SOLD
IMAGE: 06/15/2021 ADDRESS: 119 East 78th Street MARKET: Lenox Hill,Manhattan ASSET TYPE: SFR ~ ZONING: R8B, LH-1A BUYER: Faiz Alvi Ahmad SELLER: Mary White PRICE: $3,148,000 BSF: 7,628 ~ PPBSF: $412 SF: 4,024 ~ PPSF: $782 FAR: 2.11 TAX CLASS: 1 LOT SIZE: 1,907 PERMITS: Alteration 3 (01/30/2013) LOT DIMENSION: 18.67 ft x 102.17 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$466,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,086.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,479.46
Annual Debt Service$497,753.57