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234 East 88th Street

Marcus & Millichap Sells Multifamily Asset At 234-236 East 88th Street For $10.4M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
Otsubo Realty
Otsubo RealtyBrokerage

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