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322 East 79th Street

Marcus & Millichap Sells 322 East 79th Street Multifamily Asset In Upper East Side For $3.675M
SOLDMultiFamily

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 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

4.32%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93