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505 East 84th Street, Manha...

Updated Dec 21, 2023

Jeffrey And Dana Gossett Acquire SFR On Upper East Side For $7.85M
SOLDMultiFamily

Jeffrey And Dana Gossett Acquire SFR On Upper East Side For $7.85M

505 East 84th Street, Manhattan, New York, NY, USA

$7,850,000

$2,755/SF

Building Size

2,849 SF

Asset Type

MultiFamily

Closing

Apr 29, 2020

About this deal

AI

Located in the desirable Upper East Side market, the single-family home at 505 East 84th Street has recently changed hands in a closed transaction. The property spans approximately 5,100 square feet, offering plenty of space for its new owners, Jeffrey Gossett and Dana Gossett. The deal was facilitated by buyer's representative Irina Sher from Douglas Elliman. On the selling side, Joseph Castellano enlisted the services of Ryan Serhant from Serhant to represent him. Legal counsel was provided by Steven Parilis from Parilis & Associates.

Summary of transation details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $7,850,000
  • Address: 505 East 84th Street
  • Market: Upper East Side

The property was listed with an asking price of $7,999,999 and was ultimately sold for a slightly lower amount of $7,850,000. This translates to a price per square foot of $1,539. It is worth noting that the property had previously been sold in January 2018 for $3,950,000, indicating a significant increase in value over the years.

This successful transaction highlights the expertise and negotiation skills of the individuals and agencies involved. Irina Sher from Douglas Elliman and Ryan Serhant from Serhant played instrumental roles in representing their respective clients. Steven Parilis from Parilis & Associates provided legal counsel, ensuring a smooth and legal transfer of the property.

Players

Ryan Serhant

Serhant

Broker

$1.2B

vol

45 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

Jeffrey And Dana Gossett bought a home in New York for $7.9M in 2020. The full closing is on this page.

About $2.8K per square foot on a published $7.9M for 2,849 square feet (2020).

Visit Ryan Serhant to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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