Benchmark Real Estate Group Acquires 49-Unit Multifamily In New York City For $26.85M

Located at 146-150 Tenth Avenue in New York City, this multi-family property was recently sold in a closed transaction. The sale was facilitated by Logan Markley, Joe Koicim, Shaun Riney, and Chris Dintrone of Marcus & Millichap. The property was acquired by Benchmark Real Estate Group for a total sale price of $26,850,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $26,850,000
• Address: 146-150 Tenth Avenue, New York City
• Market: New York City
• Buyer: Benchmark Real Estate Group
• Brokers: Logan Markley, Joe Koicim, Shaun Riney, and Chris Dintrone - Marcus & Millichap

The property consists of 49 units with a price per unit (PPU) of $547,959. It spans a total area of 25,875 square feet, resulting in a price per square foot (PPSF) of $1,038.