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
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