Nova Ventures Acquires Multifamily Property On Upper East Side For $6.65M

The multifamily property located at 1670 3rd Avenue in the Upper East Side of New York City has been sold. The sale took place on January 20, 2021, and the transaction involved the buyer, Nova Ventures represented by David Eiselt, and the seller, Aryeh Family. The property is situated in a desirable market and offers various amenities.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $6,650,000
• Address: 1670 3rd Avenue
• Market: Upper East Side

David Eiselt from Nova Ventures represented the buyer in the deal. The property was initially listed for $7,000,000 but was eventually sold for $6,650,000. It spans a total square footage of 8,200, resulting in a price per square foot of $810. The sale price equates to $266 per square foot of building square footage, which amounts to 25,000 square feet. The transaction signifies a successful venture for the parties involved.