Gary Rubin Sells Multifamily Property At 19 East 71st Street In Lenox Hill For $10M
19 East 71st Street
$10,000,000
$985/SF
Building Size
10,145 SF
Asset Type
MultiFamily
Closing
May 1, 2025
AI
The property asset involved in the transaction is a multifamily building located at 19 East 71st Street in the Lenox Hill neighborhood of Manhattan. The sale price for this asset was $10,000,000, consisting of 9 units. The total square footage of the property is 10,145, resulting in a price per unit of $1,111,111 and a price per square foot of $985.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Units: 9
- Price Per Unit: $1,111,111
- Square Footage: 10,145
- Price Per Square Foot: $985
- Seller: Gary Rubin
- Broker Representatives: Joseph Koicim, Logan Markley, & Kory Barbanel - Marcus & Millichap
- Date of Sale: 5/2/2025
The transaction was facilitated by broker representatives Joseph Koicim, Logan Markley, and Kory Barbanel from Marcus & Millichap, who were involved in representing the seller, Gary Rubin, throughout the process.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93