Updated Oct 29, 2024
Joseph Elishayev Acquires Upper East Side Multifamily From Extell For $8M
1766 2nd Ave, New York, NY 10128, USA
$8,000,000
$181/SF
Building Size
44,078 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
About this deal
AI
The multifamily property located at 1766-1768 Second Avenue in the Upper East Side has been sold in a closed transaction. The property spans 44,078 square feet and was purchased for a total of $8,000,000, resulting in a price per square foot of $181.49. The transaction involved the sale of 29 units, with a price per unit of $275,862.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 1766-1768 Second Avenue
- Market: Upper East Side
- Square Feet: 44,078
- Price per Square Foot: $181.49
- Units: 29
- Price per Unit: $275,862
The seller of the property was Extell, represented by their broker. The buyer, who acquired the property, is SYU Properties, with Joseph Elishayev as their representative.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93