Roni Abudi Purchases Multifamily Property On Upper East Side For $4M
317 East 78th Street, New York City, New York 10075, United States
$4,000,000
$557/SF
Building Size
7,176 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
AI
A multifamily property located at 317 E. 78th St. in the Upper East Side neighborhood of New York City was recently sold for $4,000,000. The property consists of 16 units, with an average price per unit of $250,000. It spans a total of 7,176 square feet, resulting in a price per square foot of $557.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 317 E. 78th St., Upper East Side, New York City
- Market: Upper East Side
The buyer of the property was Roni Abudi, while the seller was the Estate of Michael Kolin. The transaction was facilitated by Neil Zaken from Compass and Michael Ferrara from Brax Realty.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93