Updated Sep 23, 2026
Marcus & Millichap Sells Multifamily Asset At 153 East 26th Street For $11.3M
153 East 26th Street
$11,300,000
$715/SF
Building Size
15,800 SF
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 153 East 26th Street in the Kips Bay neighborhood of Manhattan. The transaction was completed for a total sale price of $11,300,000. The building has a total square footage of 15,800, resulting in a price per square foot of $715.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Square Footage: 15,800
- Price Per Square Foot: $715
- Address: 153 East 26th Street
- Market: Kips Bay, Manhattan
- Broker Representatives: Joe Koicim & Logan Markley - Marcus & Millichap
The deal was represented by Joe Koicim and Logan Markley, who are affiliated with Marcus & Millichap in this transaction. Their expertise facilitated the closing of the sale in the Kips Bay area, contributing to the successful transfer of ownership of the multifamily asset.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93