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61 East 75th Street, New Yo...

Nathan Benelyahou Acquires Upper East Side Multifamily For $4.4M
SOLDMultiFamily

Nathan Benelyahou Acquires Upper East Side Multifamily For $4.4M

61 East 75th Street, New York City, New York 10021, United States

$4,400,000

$862/SF

Building Size

5,100 SF

Asset Type

MultiFamily

Closing

May 18, 2022

AI

A multifamily property located at 61 E. 75th St. in the Upper East Side of New York City has been sold for a total price of $4,400,000. The property consists of 9 units with an average price per unit (PPU) of $488,888. The total square footage of the property is 5,100, resulting in a price per square foot (PPSF) of $863.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Address: 61 E. 75th St.
  • Market: Upper East Side
The buyer of the property is Nathan Benelyahou. The deal was facilitated by Thomas Gammino, Brock Emmetsberger, and Patrick Donahue from B6 Real Estate Advisors. They acted as brokers representing the buyer in the transaction.

Players

Brock Emmetsberger

Matthews

Broker

$352.8M

vol

28 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage
Nathan Benelyahou

Nathan Benelyahou

Buyer

$21.9M

vol

6 deals

Buyer

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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93