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25 East 38th Street

Ilio Mavlyanov Of Jasper Venture Group Purchases Multifamily Asset In Murray Hill For $4.8M
SOLDMultiFamily

Ilio Mavlyanov Of Jasper Venture Group Purchases Multifamily Asset In Murray Hill For $4.8M

25 East 38th Street

$4,800,000

$743/SF

Building Size

6,460 SF

Asset Type

MultiFamily

Closing

Feb 9, 2026

AI

The asset involved in this transaction is a multifamily property located at 25 East 38th Street in the Murray Hill market. The sale was completed for $4,800,000, encompassing a total of 10 units. The property spans 6,460 square feet, resulting in a price per unit of $480,000 and a price per square foot of $743.

Summary of transaction details:

This transaction involved significant representation, with the buyer being represented by Josh Lipton, Andrew Levine, and Chase Kirkpatrick from Invictus Property Advisors. On the other side, the seller was represented by Jonathan Hageman, Hall Oster, Teddy Galligan, and Clint Olsen from JLL, indicating a collaborative effort by multiple brokers in facilitating the deal.

Players

Clint Olsen

JLL

Broker

$702.9M

vol

22 deals

Broker

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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93