SOLDCo-Op
David Robbins Purchases Co-Op From Michael Boublik Morgan Stanley For $6.5M In Upper East Side
139 East 79th Street
$6,500,000
Building Size
—
Asset Type
Co-Op
Closing
Apr 17, 2025
AI
A co-op located at 139 East 79th Street in the Upper East Side market was sold for $6,500,000. It was initially listed for $6,900,000 in May before the sale transpired.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $6,500,000
- Buyer: David Robbins
- Seller: Michael Boublik
- Seller's Company: Morgan Stanley
- Date of Sale: 04/17/2025
Michael Boublik, who served as Morgan Stanley's M&A chief, was involved in this transaction as the seller, having sold his property after listing it for a reduced price.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93