facebook
Traded Co logo
Submit

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

Property Image
SOLD
$10,100,000
Eric Karmitz
Brandon Polakoff
+ 2

New York

See Similar Deals
MultiFamily9,262 SF
Sold 08/29/2024
the dealplayerscompscontact
Property Image
SOLD

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

405 East 78th Street

See Similar Deals
MultiFamily9,262 SF
Sold 08/29/2024
Eric Karmitz
Brandon Polakoff
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,090
Total Square Footage:9,262 SF
Transaction Type:Sale

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
36 deals$767.7M volume
BROKER

Brandon Polakoff
Avison Young
124 deals$1.8B volume
BROKER

Ryan McGuirl
Avison Young
60 deals$804.5M volume(212) 858-9361
BROKER

Edward "Ed" Nelson
Cushman & Wakefield
13 deals$144.3M volume
BROKER

Kyle Sabath
Avison Young
17 deals$200.5M volume(212) 729-6279
BROKER

Details

SOLD
IMAGE: Brandon Polakoff, Ryan McGuirl, Eric Karmitz, Edward Nelson & Kyle Sabath DATE: 08/29/2024 ADDRESS: 405 East 78th Street MARKET: Upper East Side ASSET TYPE: Multifamily BROKERS: Brandon Polakoff (@BfPolly), Ryan McGuirl (@RMac_NYC), Eric Karmitz (@Eric.Karmitz), Edward Nelson (@EdNelsonNYC) & Kyle Sabath - Avison Young (@Avison_Young_Global) SALE PRICE: $10,100,000 SF: 9,262 ~ PPSF: $1,090

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$538,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83