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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $5,200,000
- Units: 15
- Price Per Unit: $346,667
- Square Footage: 8,500
- Price Per Square Foot: $611
- Seller: Gil Boosidan
- Broker Representatives: Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito - Investment Property Realty Group
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.
On the Map
$5,200,000
$611/SF
Mixed-use
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Players
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