Mike Pitman Acquires Murray Hill Multifamily For $4.4M From Andre Mistier

The multifamily property located at 151 E. 30th St. in Murray Hill has been sold in a recent transaction. The property consists of 11 units and spans 7,510 square feet. The sale price for the property was $4,400,000, resulting in a price per unit of $400,000 and a price per square foot of $585. The property was listed with an asking price of $6,500,000. The buyer of the property was Mike Pitman, while the seller was Andre Mistier.

Summary of transaction details

• Property Type: Multifamily
• Date: 05/13/2021
• Market: Murray Hill
• Asset Type: Multifamily
• Asking Price: $6,500,000
• Sale Price: $4,400,000
• Units: 11
• Price per Unit: $400,000
• Square Footage: 7,510
• Price per Square Foot: $585

The deal was facilitated by Cody Parker Hellberg from Stephen P. Wald Real Estate Associates, Inc., representing the buyer Mike Pitman. Andre Mistier acted as the seller in the transaction. This successful sale highlights the potential and attractiveness of the multifamily property in Murray Hill.