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1766 2nd Ave, New York, NY ...

Joseph Elishayev Acquires Upper East Side Multifamily From Extell For $8M
SOLDMultiFamily

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

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

EXTELL
EXTELLSeller

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93