ACRES Capital Sells Multifamily Property At 170 East 80th Street For $14 Million

The property asset involved in this transaction is a multifamily building located at 170 East 80th Street in the Upper East Side of Manhattan. The sale price for this asset was $14,000,000, encompassing two units with a total square footage of 11,000, resulting in a price per unit of $7,000,000 and a price per square foot of $1,272.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,000,000
• Units: 2
• Square Footage: 11,000
• Price per Unit: $7,000,000
• Price per Square Foot: $1,272
• Seller: ACRES Capital
• Brokers: Lydia Rosengarten & Jed Garfield - Leslie Garfield
• Sale Date: 09/16/2024

Key individuals behind the deal include brokers Lydia Rosengarten and Jed Garfield who represented the seller ACRES Capital in this transaction. Their involvement facilitated the successful completion of the sale in the competitive Upper East Side market.