Updated Dec 21, 2023
John Curreri Sells Multifamily Property On Upper East Side For $4.5M
424 East 73rd Street, New York, NY 10021
$4,500,000
$443/SF
Building Size
10,145 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
A multifamily property located at 424 East 73rd Street in the Upper East Side of Manhattan has been sold for a price of $4,500,000. The property consists of 20 units with an average price per unit of $225,000. The total square footage of the property is 10,145, resulting in a price per square foot of $443. The transaction took place on December 30, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Units: 20
- Price per Unit: $225,000
- Square Footage: 10,145
- Price per Square Foot: $443
- Address: 424 East 73rd Street
- Market: Upper East Side, Manhattan
This sale was the first one to occur since 1979. The transaction was facilitated by Zachary Fuchs from GFI Realty Services and Lena Rivera from Link Realty. They represented the seller, John Curreri.
On the Map
$4,500,000
$443/SF
MultiFamily
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Property Record
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93