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317 East 78th Street, New Y...

Roni Abudi Purchases Multifamily Property On Upper East Side For $4M
SOLDMultiFamily

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

Michael Ferrara

Brax Realty

Broker

$411.9M

vol

28 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93