Leor Sabet Acquires Multifamily Asset At 248 East 32nd Street For $4,275,000
248 East 32nd Street
$4,275,000
$743/SF
Building Size
5,750 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a multifamily building located at 248 East 32nd Street, Kips Bay, Manhattan. The transaction concluded with a sale price of $4,275,000, encompassing a total square footage of 5,750 and a price per square foot calculated at $743.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,275,000
- Address: 248 East 32nd Street
- Market: Kips Bay, Manhattan
- Square Footage: 5,750
- Price per Square Foot: $743
- Buyer: Leor Sabet
- Brokers: Joseph Koicim & Matt Berger - Marcus & Millichap
This transaction marks the third occasion that the New York Multifamily Team at Marcus & Millichap has facilitated the sale of this asset. Inquiries regarding the history of the asset, details of this particular transaction, or property analysis can be directed to the deal team.
Players
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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93