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139 East 79th Street

David Robbins Purchases Co-Op From Michael Boublik Morgan Stanley For $6.5M In Upper East Side
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

David Robbins

Buyer

$133.3M

vol

3 deals

Buyer
Morgan Stanley
Morgan Stanley Seller

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