Elliot Sohayegh Acquires Rental Property In Upper East Side For $19.7M
SOLD
$19,700,000
New York
See Similar DealsSold 07/05/2019
SOLD
Elliot Sohayegh Acquires Rental Property In Upper East Side For $19.7M
266 E 78th St, New York, NY 10075, USA
See Similar DealsSold 07/05/2019
Summary
NEW YORK
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,050,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,989.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,388.05
Annual Debt Service$1,120,656.61
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