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
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