Updated Dec 21, 2023
Eric Brown Acquires Development Site On Upper East Side For $7.25M
433 E 76th St, New York, NY 10021, USA
$7,250,000
$354/SF
Building Size
20,432 SF
Asset Type
Development Site
Closing
Nov 16, 2020
About this deal
AI
A development site located at 433 East 76th Street and 434 East 77th Street in the Upper East Side neighborhood has been sold for a total price of $7,250,000. The property, with a total square footage of 20,432, is zoned as R8B. The transaction took place on November 17, 2020.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $7,250,000
- Square Footage: 20,432
- Address: 433 East 76th Street, 434 East 77th Street
- Market: Upper East Side
Eric Brown has acquired the property from Michael Zacharias. The deal was facilitated by brokers Scott Heller, Louis Moskowitz, and Stephen Weber.
On the Map
$7,250,000
$354/SF
Development Site
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New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93