Updated Sep 9, 2024
Adam Modlin's Modlin Group Broker Sells Lenox Hill SFR For $18.75M
18 East 74th Street, Manhattan, New York, NY 10021, USA
$18,750,000
$2,263/SF
Building Size
8,284 SF
Asset Type
Single Family Residence
Closing
Oct 29, 2021
About this deal
AI
An impressive single-family residence located at 18 E. 74th Street in the desirable Lenox Hill neighborhood has recently been sold. The property, showcased in a photo by Adam Modlin on Instagram, was sold in September 2021.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $18,750,000
- Address: 18 E. 74th Street
- Market: Lenox Hill
The transaction was facilitated by the renowned broker Adam Modlin from the Modlin Group. With a spacious layout spanning 8,284 square feet, this elegant residence offers a plethora of luxurious features. The price per square foot for this property amounts to $2,263.
It is noteworthy that this sale surpasses the previous transaction for this property. The last recorded sale took place in October 2005, when it was acquired for $11,720,000.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93