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Vianney Motte Acquires Multifamily Property At 517 East 75th Street From Kamran Hakim For $7.3M
SOLD
$7,300,000
New York
See Similar DealsMultiFamily8,480 SF
Sold 01/26/2025
SOLD
Vianney Motte Acquires Multifamily Property At 517 East 75th Street From Kamran Hakim For $7.3M
517 East 75th Street
See Similar DealsMultiFamily8,480 SF
Sold 01/26/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$860
Total Square Footage:8,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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