Updated Jul 17, 2025
Rich Velotta Danny Handweiler & Sam Perry Of Raven Property Advisors Facilitate $11.1M Multifamily Sale In Upper East Side
335 East 22nd Street & 347 East 78th Street
$11,100,000
$496/SF
Building Size
6,090 SF
Asset Type
MultiFamily
Closing
Jun 26, 2025
About this deal
AI
The multifamily property located at 335 East 22nd Street & 345-347 East 78th Street in the Upper East Side/Gramercy market has been sold for a transaction amount of $11,100,000. The asset consists of 49 units across a total square footage of 22,345, resulting in a price per unit of $226,000 and a price per square foot of $497.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Units: 49
- Square Footage: 22,345
- Price Per Unit: $226,000
- Price Per Square Foot: $497
- Date of Transaction: 6/18/2025
The brokers involved in the transaction were Rich Velotta, Danny Handweiler, and Sam Perry from Raven Property Advisors, representing the seller in this deal.
On the Map
$11,100,000
$496/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Richard (Rich) Velotta to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93