Douglas Elliman Represents Buyer's Reps Corey Shuster, Arthur Maglio & Ibrahim Guldiken In $26.5M Lenox Hill SFR Sale With Seller's Rep Adam Modlin
129 East 73rd Street
$26,500,000
$2,208/SF
Building Size
12,000 SF
Asset Type
Single Family
Closing
Sep 22, 2023
AI
Located in Lenox Hill, Manhattan, the property at 129 East 73rd Street recently changed hands in a sale transaction. The single-family residence spans approximately 12,000 square feet and was sold for a price of $26,500,000. With a price per square foot of $2,208, this property showcases its allure in the upscale market of Lenox Hill.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $26,500,000
- Square Footage: 12,000
- Address: 129 East 73rd Street
- Market: Lenox Hill, Manhattan
Corey Shuster, Arthur Maglio, and Ibrahim Guldiken of Douglas Elliman represented the buyer's side in the deal, while Adam Modlin of Modlin Group served as the seller's representative. This collaboration among real estate professionals played a vital role in the successful transaction, showcasing their expertise and negotiation skills.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93