Joseph Chetrit's Chetrit Group Acquires 26-Unit Carnegie Hill Multifamily For $32.8M

The Chetrit Group, represented by 1009 Park Owner LLC, has acquired a multifamily property at 1009 Park Avenue in Carnegie Hill, Manhattan. The property consists of a 26-unit residential elevator building with a total square footage of 65,457. The sale price for this transaction was $32.8 million, resulting in a price per unit of $1,260,653. The price per square foot for the property is $501.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $32,777,000
• Address: 1009 Park Avenue
• Market: Carnegie Hill, Manhattan
• Buyer: Joseph Chetrit - Chetrit Group
• Seller: Gaby Ferman Lehrer & Rita Kwiat
• Units: 26
• Price per Unit: $1,260,653
• Square Footage: 65,457
• Price per Square Foot: $501

The Chetrit Group, a prominent real estate company, successfully completed the acquisition of the residential elevator building at 1009 Park Avenue. The property was purchased from its long-time family owners, Parkton Associates, LLC. This transaction underscores the Chetrit Group's commitment to expanding its real estate portfolio in highly desirable locations such as Carnegie Hill in Manhattan.