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422 East 81st Street

Jared Pinchasick Sells Upper East Side Multifamily For $10.5M With Broker Brandon Polakoff Of Avison Young
SOLDMultiFamily

Jared Pinchasick Sells Upper East Side Multifamily For $10.5M With Broker Brandon Polakoff Of Avison Young

422 East 81st Street

$10,500,000

$954/SF

Building Size

11,000 SF

Asset Type

MultiFamily

Closing

Nov 30, 2023

AI

The multifamily property located at 422 East 81st Street in the Upper East Side has been sold for a total of $10,500,000. The property spans approximately 11,000 square feet, resulting in a price per square foot of $955.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Address: 422 East 81st Street
  • Market: Upper East Side
  • Seller: Jared Pinchasick
  • Broker: Brandon Polakoff - Avison Young
  • Square Footage: 11,000
  • Price per Square Foot: $955

The seller of the property is Jared Pinchasick, and the brokering services for the transaction were provided by Brandon Polakoff from Avison Young.

Players

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker
Jared Pinchasick

Jared Pinchasick

JAM Real Estate Partners

Seller

$183.4M

vol

14 deals

Seller

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93