Gould Investors Acquires Multi-Family Property In Upper East Side, Manhattan

The multi-family property located at 153-159 East 96th Street in New York City has been sold for $25.5 million. Spanning over 37,000 square feet, this asset is situated in the Upper East Side of Manhattan. With a total buildable square footage of approximately 97,000, the price per square foot stands at $689, while the price per buildable square foot is $262. Comprised of 40 units, each unit was priced at $637,500.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $25.5 million
• Total Square Feet: 37,000
• Total Buildable Square Feet: Approximately 97,000
• Price per Square Foot: $689
• Price per Buildable Square Foot: $262
• Number of Units: 40
• Price per Unit: $637,500

The selling parties involved in this deal were the Wolfson and Zlotnick Families. On the buying side, Gould Investors, represented by Fred Gould, acquired the property.