1582 York Avenue LLC Acquires 16-Unit Multifamily Building In Yorkville, Manhattan For $5.8M

1582 York Avenue, a multifamily property located in Yorkville, Manhattan, has been sold for $5.8 million. The property consists of a 16-unit residential walkup building with a total square footage of 7,700. The price per unit stands at $362,500, while the price per square foot is $753. The building has a total BSF (Building Square Footage) of 18,680, with a price per BSF of $310.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $5,800,000
• Units: 16
• Price per Unit: $362,500
• BSF: 18,680
• Price per BSF: $310
• Square Footage: 7,700
• Price per Square Foot: $753

The buyer, Charlie Attias, represented by 1582 York Avenue LLC, acquired the property from Richard H.M. Maidman and Mitchel Maidman of Townhouse Management Company. The seller's entity, Townhouse Management Company's 1582 York LLC, reached the transaction agreement with the buyer's representative. The transaction took place on 10/16/2023.

It's worth noting that 1582 York Avenue LLC, the purchasing entity, is anonymously owned. This acquisition presents an opportunity for the buyer to invest in a residential walkup building in the desirable neighborhood of Yorkville.