Jared Pinchasick Gary Podell Justin Podell Purchase Multifamily Asset From Jerry Musano For $5.3M
SOLD
$5,300,000
New York
See Similar DealsMultiFamily10,020 SF
Sold 09/25/2025
SOLD
Jared Pinchasick Gary Podell Justin Podell Purchase Multifamily Asset From Jerry Musano For $5.3M
333 East 81st Street
See Similar DealsMultiFamily10,020 SF
Sold 09/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$528
Total Square Footage:10,020 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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