Multifamily Property At 111 East 117th Street Sold For $3 Million In East Harlem

The property involved in this transaction is a multifamily asset located at 111 East 117th Street in the East Harlem market. It has a sale price of $3,000,000 and comprises 14 units. The total square footage of the property is 9,700, which translates to a price per square foot of $309, and a built square footage of 13,927, resulting in a price per built square foot of $215.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Units: 14
• Square Feet: 9,700
• Price Per Unit: $214,285
• Price Per Square Foot: $309
• Built Square Feet: 13,927
• Price Per Built Square Foot: $215

Victor Sozio and Michael A. Tortorici from Ariel Property Advisors represented the seller in this transaction. Their involvement highlights their role in facilitating the sale within the East Harlem market.