Updated Aug 13, 2025
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
About this deal
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.
On the Map
$5,300,000
$424/SF
MultiFamily
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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