The property asset involved in the transaction is a mixed-use building located at 445 East 78th Street in the Upper East Side market. The asset consists of 13 apartments and 2 stores, encompassing a total of 8,500 square feet. The sale price was recorded at $5,200,000, resulting in a price per unit of $346,667 and a price per square foot of $611.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,200,000
• Units: 15
• Square Footage: 8,500
• Price Per Unit: $346,667
• Price Per Square Foot: $611
• Buyer: Witnick Real Estate Partners
• Seller: Gil Boosidan
• Broker Representatives: Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito - Investment Property Realty Group

The transaction involved complex negotiations, particularly around achieving a discounted lender payoff to finalize the deal. The broker representatives expressed pride in the outcome, acknowledging the collaboration among all parties involved in the transaction.