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David Robbins Purchases Co-Op From Michael Boublik Morgan Stanley For $6.5M In Upper East Side
SOLD
$6,500,000
New York
See Similar DealsCo-Op
Sold 04/17/2025
SOLD
David Robbins Purchases Co-Op From Michael Boublik Morgan Stanley For $6.5M In Upper East Side
139 East 79th Street
See Similar DealsCo-Op
Sold 04/17/2025
Summary
NEW YORK
Asset Type:Co-Op
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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