Marcus & Millichap Sells MultiFamily Property On Upper East Side, Manhattan For $9.75M
SOLD
$9,750,000
New York
See Similar DealsMultiFamily38,550 SF
Sold 02/13/2023
SOLD
Marcus & Millichap Sells MultiFamily Property On Upper East Side, Manhattan For $9.75M
434 East 76th Street & 436 East 76th Street
See Similar DealsMultiFamily38,550 SF
Sold 02/13/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:38,550 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69
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