Marcus & Millichap Sells 322 East 79th Street Multifamily Asset In Upper East Side For $3.675M
322 East 79th Street
$3,675,000
$611/SF
Building Size
6,015 SF
Asset Type
MultiFamily
Closing
Mar 6, 2025
AI
The property involved in this transaction is a multifamily asset located at 322 East 79th Street in the Upper East Side market. It was sold for a transaction amount of $3,675,000, comprising 10 units. The total square footage of the property is 6,015, resulting in a price per unit of $367,500 and a price per square foot of $610.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,675,000
- Units: 10
- Square Footage: 6,015
- Price Per Unit: $367,500
- Price Per Square Foot: $610
- Address: 322 East 79th Street
- Market: Upper East Side
The brokers who facilitated this transaction are Zan Colin, Joseph Koicim, and Logan Markley from Marcus & Millichap, representing the involved parties in this deal.
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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93