405 East 78th Street Multifamily Sold For $10.1M With Brokers Brandon Polakoff And Team
405 East 78th Street
$10,100,000
$1,090/SF
Building Size
9,262 SF
Asset Type
MultiFamily
Closing
Aug 29, 2024
AI
The asset involved in the transaction is a multifamily property located at 405 East 78th Street in the Upper East Side market. The property was sold for $10,100,000, encompasses a total square footage of 9,262, and has a price per square foot of $1,090.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,100,000
- Square Footage: 9,262
- Price Per Square Foot: $1,090
- Address: 405 East 78th Street
- Market: Upper East Side
- Brokers: Brandon Polakoff, Ryan McGuirl, Eric Karmitz, Edward Nelson & Kyle Sabath - Avison Young
The deal was facilitated by a team of brokers from Avison Young, specifically Brandon Polakoff, Ryan McGuirl, Eric Karmitz, Edward Nelson, and Kyle Sabath, who represented the involved parties in this transaction.
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93