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517 East 75th Street

Vianney Motte Acquires Multifamily Property At 517 East 75th Street From Kamran Hakim For $7.3M
SOLDMultiFamily

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

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.

Players

Kamran Hakim

Seller

$199M

vol

7 deals

Seller

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