Updated Feb 25, 2025
Vianney Motte Acquires Multifamily Property At 517 East 75th Street From Kamran Hakim For $7.3M
517 East 75th Street
$7,300,000
$860/SF
Building Size
8,480 SF
Asset Type
MultiFamily
Closing
Jan 26, 2025
About this deal
AI
517 East 75th Street is an 8,480 square foot multifamily property located in the Lenox Hill neighborhood of Manhattan. The property was sold for $7,300,000, which translates to a price per square foot of $861.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,300,000
- Square Footage: 8,480
- Price Per Square Foot: $861
- Address: 517 East 75th Street
- Market: Lenox Hill, Manhattan
- Buyer: Vianney Motte
- Seller: Kamran Hakim
- Date of Sale: 01/26/2025
Vianney Motte acquired the property from Kamran Hakim, marking a successful transaction under the representation of their respective brokers.
On the Map
$7,300,000
$860/SF
MultiFamily
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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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93