Daniel Arnel Of Prospect Acquisitions Buys Multifamily Property From Karen Erhard For $4.2M

The asset involved in this transaction is a multifamily property located at 129 West 85th Street in the Upper West Side market. The sale price for this property was $4,200,000, consisting of 10 units with a price per unit of $420,000. The total square footage of the building is 5,480, with a price per square foot of $766.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Address: 129 West 85th Street
• Units: 10
• Price Per Unit: $420,000
• Square Footage: 5,480
• Price Per Square Foot: $766
• Buyer: Daniel Arnel - Prospect Acquisitions
• Seller: Karen Erhard
• Brokers: John J. Stewart, Dylan Torey & Olivia Scialla - Marcus & Millichap
• Date: 1/27/2026

Daniel Arnel, representing Prospect Acquisitions, is actively pursuing similar properties, particularly multifamily and mixed-use buildings within Manhattan, North Brooklyn, and Astoria. Interested parties can reach out with deals through the specified contact email.