TriArch Real Estate Group Acquires Mixed-Use Rental Property In Manhattan For $12.1M

A mixed-use rental property located at 964 Amsterdam Avenue in Manhattan, New York, has been sold in a closed transaction. The property consists of 23 apartments and 4 stores, spanning a total of 21,072 square feet. The sale price for this property was $12,076,000, resulting in a price per unit of $447,000 and a price per square foot of $573.

Summary of transaction details

• Property Type: Mixed-Use Rental Property
• Transaction Amount: $12,076,000
• Units: 23 apartments and 4 stores
• Price per Unit: $447,000
• Square Feet: 21,072
• Price per Square Foot: $573

The seller of the property was The Orbach Group, represented by Meyer Orbach. The buyer, TriArch Real Estate Group, was represented by Chris DeAngelis. The transaction was facilitated by Cignature Realty, acting as the broker in the deal.