Tonia Damiano Purchases Multifamily Property At 141 East 17th Street For $6.25M With AD Real Estate

141 East 17th Street is a three-unit luxury multifamily building located in the Gramercy Park market. The property sold for $6,250,000 and encompasses a total square footage of 6,720, resulting in a price per square foot of $930. The property includes three expansive free-market apartments featuring condo-quality finishes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Units: 3
• Price per Unit: $2,083,333
• Square Feet: 6,720
• Price per Square Foot: $930
• Buyer: Tonia Damiano
• Seller: AD Real Estate
• Seller's Representative: Michael Gembecki, Robert Burton, Bobby Carrozzo, Craig Waggner, John Ciraulo & Jack Stephen - Cushman & Wakefield

Cushman & Wakefield represented AD Real Estate in this transaction, marking a successful deal that attracted a buyer looking for a combination of luxury owner occupancy and investment income.