Roni Abudi Purchases Multifamily Property On Upper East Side For $4M
SOLD
$4,000,000
New York
See Similar DealsMultiFamily7,176 SF
Sold 07/08/2022
SOLD
Roni Abudi Purchases Multifamily Property On Upper East Side For $4M
317 East 78th Street, New York City, New York 10075, United States
See Similar DealsMultiFamily7,176 SF
Sold 07/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:7,176 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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