Updated Dec 4, 2024
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
About this deal
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
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