Stawski Partners Acquires Multifamily Property On Upper West Side For $8M

The property involved in this transaction is a multifamily asset located at 14 West 82nd Street in the Upper West Side of Manhattan. It consists of 10 units with a total square footage of 7,348. The property was sold for a price of $8,000,000, which translates to a price per unit of $800,000 and a price per square foot of $1,089.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 14 West 82nd Street, Upper West Side, Manhattan
• Market: Upper West Side, Manhattan

The buyer in this transaction is Stawski Partners, while the seller is Davean Holdings, represented by Sean Lefkovits, David Lloyd, and Lance Lefkovits. The broker involved in the deal is Viktar Kolatau from Douglas Elliman.

A noteworthy detail from the seller is that Davean Holdings had purchased the property for $4.5 million in 2022. The property was then sold for $8 million, resulting in a 5% cap rate. Additionally, it is mentioned that Davean Holdings is actively searching for 1031 exchange opportunities up to $100 million in Manhattan.