Updated Dec 4, 2024
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
About this deal
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.
On the Map
$10,100,000
$1,090/SF
MultiFamily
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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