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448 East 78th Street

Roni Abudi Purchases Multifamily Building From Maidman Family For $3.75 Million In Upper East Side
SOLDMultiFamily

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:

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

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker

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