Jared Pinchasick Sells Upper East Side Multifamily For $10.5M With Broker Brandon Polakoff Of Avison Young
SOLD
$10,500,000
New York
See Similar DealsMultiFamily11,000 SF
Sold 11/30/2023
SOLD
Jared Pinchasick Sells Upper East Side Multifamily For $10.5M With Broker Brandon Polakoff Of Avison Young
422 East 81st Street
See Similar DealsMultiFamily11,000 SF
Sold 11/30/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$954
Total Square Footage:11,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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