Back to all insights IPRG ANNOUNCES $5,200,000 SALE OF 445 EAST 78TH STREET IN THE UPPER EAST SIDE, MANHATTAN
NEW YORK, N.Y. – June 4, 2026 – Investment Property Realty Group (IPRG), a leading New York-based commercial investment firm, has successfully closed the sale of 445 East 78th Street, a mixed-use building located in Manhattan’s Upper East Side, for $5,200,000.
The transaction was negotiated by Zack Ziskin, Justin Zeitchik, Adam Lobel and Christian Ingenito who represented both the seller, Gil Boosidan, and the buyer, Witnick Real Estate Partners.
The sale involved a complex loan structure, with the property’s outstanding debt exceeding its market value. IPRG worked closely with the owner, buyer and lender throughout the process to secure approval for a discounted payoff.
Because the loan was serviced through Freddie Mac, the transaction required extensive documentation, regular marketing updates and ongoing negotiations. After 10 months of coordinated efforts, IPRG successfully closed the sale, with the lender recovering nearly the full outstanding loan balance.
Founded in 2016, IPRG (Investment Property Realty Group) is a broker-owned commercial real estate brokerage specializing in investment sales, retail leasing, and property management across New York City and New Jersey. The firm focuses on the sale of multifamily properties, mixed use buildings, development sites, retail assets, and other commercial investment properties. Since its founding, IPRG has completed more than $4 billion in commercial real estate transactions, making it one of the most active investment sales firms in the New York metropolitan area. Through its market expertise, data driven approach, and collaborative platform, IPRG helps investors, developers, property owners, and institutions maximize the value of their commercial real estate assets. For more information, visit www.iprg.com.