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413 East 78th Street, New Y...

Abraham Stawski Acquires Yorkville Multifamily For $21.25M
SOLDMultiFamily

Abraham Stawski Acquires Yorkville Multifamily For $21.25M

413 East 78th Street, New York City, New York 10075, United States

$21,250,000

$2,000/SF

Building Size

10,625 SF

Asset Type

MultiFamily

Closing

Jun 29, 2022

AI

The multifamily property located at 413 E. 78th St. & 431 East 87th St. in Yorkville was recently sold for a total of $21,250,000. The transaction was completed on 06/30/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $21,250,000
  • Square Footage: 21,842
  • Price Per Square Foot: $973
  • Market: Yorkville

The buyer of the property was Abraham Stawski, while the seller was the Lavin Family. The buyer was represented by Viktar Koltau from Douglas Elliman, and the seller was represented by Shay Zach from Gaia Property Group and Thomas Gammino from B6 Real Estate Advisors.

For any additional information or other similar properties for sale, please contact Shay Zach from Gaia Property Group at [email protected]. They also have an active 1031 purchaser looking for elevator buildings in Manhattan up to $15,000,000.

Players

Shay Zach

GAIA Property Group

Broker

$104.4M

vol

16 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Abraham Stawski

Buyer

$32.5M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93