Elliot Sohayegh Acquires Rental Property In Upper East Side For $19.7M
266 E 78th St, New York, NY 10075, USA
$19,700,000
Building Size
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Asset Type
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Closing
Jul 4, 2019
AI
The property at 266 East 78th Street in the Upper East Side has been sold for a total price of $19,700,000. This rental property spans across 22,800 square feet, resulting in a price per square foot of $866. The property consists of 17 units, with an average price per unit of $1,158,823.
Summary of transaction details
- Property Type: Rental
- Transaction Amount: $19,700,000
- Square Footage: 22,800
- Price Per Square Foot: $866
- Number of Units: 17
- Price Per Unit: $1,158,823
The buyer of this property is Elliot Sohayegh. The seller is Blackstone Real Estate Advisors.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93