Marcus & Millichap Sells MultiFamily Property On Upper East Side, Manhattan For $9.75M
434 East 76th Street & 436 East 76th Street
$9,750,000
$252/SF
Building Size
38,550 SF
Asset Type
MultiFamily
Closing
Feb 13, 2023
AI
A multi-family property located at 434-436 East 76th Street in the Upper East Side of Manhattan has been sold for $9,750,000. The property consists of 40 units, with an average price per unit of $243,750. The total square footage of the property is 19,275, resulting in a price per square foot of $506.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $9,750,000
- Units: 40 ~ PPU: $243,750
- SF: 19,275 ~ PPSF: $506
- Address: 434-436 East 76th Street
- Market: Upper East Side, Manhattan
The sale of this multi-family property was facilitated by Marcus & Millichap, with Joe Koicim, Logan Markley, and Kory Barbanel representing the buyers and sellers in the transaction.
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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93