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76 Irving Place

John Ilibassi Purchases Multifamily Property At 76 Irving Place From Anne Marie Lucchesi For $5.3M
SOLDMultiFamily

John Ilibassi Purchases Multifamily Property At 76 Irving Place From Anne Marie Lucchesi For $5.3M

76 Irving Place

$5,300,000

$424/SF

Building Size

12,492 SF

Asset Type

MultiFamily

Closing

Jul 30, 2025

AI

The property asset involved in the transaction is a multifamily property located at 76 Irving Place in the Gramercy Park market of Manhattan. It was sold for $5.3 million, which translates to approximately $424 per square foot, encompassing a total area of 12,492 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,300,000
  • Address: 76 Irving Place
  • Market: Gramercy Park, Manhattan
  • Square Footage: 12,492
  • Price Per Square Foot: $424
  • Buyer: John Ilibassi
  • Seller: Anne Marie Lucchesi
  • Sale Date: July 30, 2025

This transaction was facilitated by John Ilibassi as the buyer and Anne Marie Lucchesi as the seller. The deal highlights the activity in the New York City real estate market, specifically within the multifamily sector in Gramercy Park.

Players

John Ilibassi

Buyer

$21.3M

vol

5 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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93