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445 East 78th Street

Gil Boosidan Sells Mixed-Use Property At 445 East 78th Street For $5.2M With Brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito
SOLDMixed-use

Gil Boosidan Sells Mixed-Use Property At 445 East 78th Street For $5.2M With Brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito

445 East 78th Street

$5,200,000

$611/SF

Building Size

8,500 SF

Asset Type

Mixed-use

Closing

Jun 3, 2026

AI

This mixed-use property located at 445 East 78th Street in the Upper East Side features a total of 15 units, comprised of 13 apartments and 2 stores. The asset encompasses approximately 8,500 square feet and was sold for $5,200,000, resulting in a price per unit of $346,667 and a price per square foot of $611.

Summary of transaction details:

The transaction involved a complex negotiation process, requiring a discounted lender payoff to successfully close the deal. The brokers expressed pride in the outcome and gratitude toward all parties involved in the collaboration.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Witnick Real Estate Partners
Witnick Real Estate PartnersBuyer

Gil Boosidan

Seller

$30.1M

vol

6 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93