261 E 78th St, New York, NY
Six-story commercial building with six units in Upper East Side.
- Added:
- Sep 10, 2024
- Days on Market:
- 656
- Last Refresh:
- May 19 at 11:04 pm
Property Features for 261 E 78th St
General Information
- Standard status
- Active
- Size
- 17,618 SF
- Lot size
- 0.07 Acres
- Property subtype
- OFFICE
Listing office ARM Real Estate Group (212) 464-8815
Listing date Sep 10, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ARM Real Estate Group
HighLights
- 6‑Story Commercial Building in the Upper East Side, New York.
- 17,618 SF Total Area.
- Features 6 Commercial Units.
- Zoned for Commercial Use.
- Loan Advisory available.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $907.0k | $51.48 |
| − Vacancy | −$171.4k | −$9.73 |
| EGI | $735.6k | $41.75 |
| − OpEx | −$183.9k | −$10.44 |
| NOI | $551.7k | $31.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.956
- Latitude
- 40.773
