Roni Abudi Purchases Multifamily Building From Maidman Family For $3.75 Million In Upper East Side
448 East 78th Street
$3,750,000
$461/SF
Building Size
8,125 SF
Asset Type
MultiFamily
Closing
Dec 4, 2024
AI
The property asset involved in this transaction is located at 448 East 78th Street in the Upper East Side market. This multifamily asset has a sale price of $3,750,000, with a total square footage of 8,125 and a price per square foot of $461.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 448 East 78th Street
- Market: Upper East Side
- Square Footage: 8,125
- Price Per Square Foot: $461
- Buyer: Roni Abudi
- Seller: Maidman Family
- Broker Representatives: Noah Kossoff, Mitchell Levine & Eric Karmitz - Avison Young
The transaction was facilitated by the brokers representing the buyer and seller, including Noah Kossoff, Mitchell Levine, and Eric Karmitz from Avison Young, who played key roles in bringing this deal to fruition without mentioning further details from the preceding paragraphs.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93