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405 East 78th Street

405 East 78th Street Multifamily Sold For $10.1M With Brokers Brandon Polakoff And Team
SOLDMultiFamily

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:

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

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker

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