Michael Ostad And Edward Ostad Acquire Mixed-Use Property In Upper East Side For $4.4M

This mixed-use property is located at 1739 2nd Avenue in the Upper East Side market. The transaction involved a sale price of $4,400,000 for a total square footage of 8,023, resulting in a price per square foot of $548.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,400,000
• Square Footage: 8,023
• Price per Square Foot: $548
• Buyer: Michael Ostad & Edward Ostad
• Brokers: Greg Corbin & Mickey Salzman - Northgate Real Estate Group

This transaction was executed through a bankruptcy auction, highlighting the unique circumstances surrounding the acquisition of the asset.