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117 East 77th Street

Updated Oct 30, 2026

Benjamin Ohebshalom Of Sky Management Purchases Multifamily Building In Lenox Hill For $14M
SOLDMultiFamily

Benjamin Ohebshalom Of Sky Management Purchases Multifamily Building In Lenox Hill For $14M

117 East 77th Street

$14,000,000

$474/SF

Building Size

29,500 SF

Asset Type

MultiFamily

Closing

Oct 22, 2026

About this deal

AI

The transaction involved a multi-family residential building located at 117 East 77th Street in the Lenox Hill market of Manhattan. The sale price for the property was $14,000,000, with a total square footage of 29,500, resulting in a price per square foot of $475.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $14,000,000
  • Buyer: Benjamin Ohebshalom
  • Buyer Agency: Sky Management
  • Seller: Alan Plotnik
  • Square Footage: 29,500
  • Price Per Square Foot: $475

Sky Management, represented by Benjamin Ohebshalom, facilitated the acquisition of the property through Apex 77 LLC from the seller, Alan Plotnik. This transaction highlights the involvement of key individuals in the successful closure of the deal.

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$14,000,000

$474/SF

MultiFamily

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Players

Sky Management Corp.
Sky Management Corp.Buyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $474 per square foot on a published $14M for 29,500 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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