Marcus & Millichap Sells Multifamily Asset At 234-236 East 88th Street For $10.4M
234 East 88th Street
$10,400,000
$603/SF
Building Size
17,245 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
AI
The property asset involved in the transaction is a multifamily building located at 234-236 East 88th Street in the Upper East Side. It has a sale price of $10,400,000 and consists of 36 units. The total square footage of the asset is 17,245, resulting in a price per unit of $288,888 and a price per square foot of $603.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,400,000
- Units: 36
- Square Footage: 17,245
- Price per Unit: $288,888
- Price per Square Foot: $603
- Market: Upper East Side
The key individuals and companies involved in the transaction include Logan Markley, Joseph Koicim, and Zan Colin from Marcus & Millichap, along with Tetsuo Otaki from Otsubo Realty, representing the brokers in the deal.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93