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333 East 81st Street

Jared Pinchasick Gary Podell Justin Podell Purchase Multifamily Asset From Jerry Musano For $5.3M
SOLDMultiFamily

Jared Pinchasick Gary Podell Justin Podell Purchase Multifamily Asset From Jerry Musano For $5.3M

333 East 81st Street

$5,300,000

$528/SF

Building Size

10,020 SF

Asset Type

MultiFamily

Closing

Sep 24, 2025

AI

The property asset involved in the transaction is a multifamily building located at 333 East 81st Street in the Upper East Side market. The sale price of the asset was $5,300,000, encompassing 17 units with a price per unit of $311,764. The total square footage of the property is 10,020, translating to a price per square foot of $528.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,300,000
  • Units: 17
  • Price Per Unit: $311,764
  • Square Footage: 10,020
  • Price Per Square Foot: $528
  • Buyer: Jared Pinchasick - JAM Real Estate Partners; Gary Podell & Justin Podell
  • Seller: Jerry Musano
  • Broker: Eric Lupo

The key individuals involved in the transaction include Jared Pinchasick from JAM Real Estate Partners, alongside Gary Podell and Justin Podell as buyers. The seller of the property is Jerry Musano, and the transaction was brokered by Eric Lupo.

Players

Eric Lupo

Broker

$40.1M

vol

6 deals

Broker
Jared Pinchasick

Jared Pinchasick

JAM Real Estate Partners

Buyer

$183.4M

vol

14 deals

Buyer
JAM Real Estate Partners
JAM Real Estate PartnersBuyer

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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93