Namdar Realty Group And HPNY Acquire 14-Unit Multifamily Property In Yorkville For $3.05M

The multifamily property located at 1577 3rd Avenue in the Yorkville market has been sold in a recent transaction. The property is zoned as C1-9 and consists of 14 units. The sale price for the property was $3,050,000, with a price per unit of $217,857. The building has a total square footage of 7,871, resulting in a price per square foot of $387. The buyer in this transaction was Namdar Realty Group, represented by Igal Namdar, and HPNY, represented by Ivan Hakimian. The seller was the Brodsky Organization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,050,000
• Address: 1577 3rd Avenue
• Market: Yorkville
• Zoning: C1-9

The buyer of the property was Namdar Realty Group, represented by Igal Namdar, and HPNY, represented by Ivan Hakimian. The seller in the transaction was the Brodsky Organization.