Upland Property Advisors Facilitates $6.8M Sale Of Multifamily Property On Upper East Side
SOLD
$6,800,000
New York
See Similar DealsMultiFamily6,800 SF
Sold 10/07/2021
SOLD
Upland Property Advisors Facilitates $6.8M Sale Of Multifamily Property On Upper East Side
52 East 76th Street, New York, NY 10021, USA
See Similar DealsMultiFamily6,800 SF
Sold 10/07/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:6,800 SF
Transaction Type:Sale
A multifamily property located at 52 East 76th Street in the Upper East Side has been sold for a price of $6,800,000. The property spans approximately 6,800 square feet, resulting in a price per square foot of $1,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Date: 10/07/2021
- Address: 52 East 76th Street
- Market: Upper East Side
The sale of the property was facilitated by Yoav Oelsner and Glenn Tolchin from Upland Property Advisors. They represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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