Witnick Real Estate Partners Acquires 18-Unit Multifamily In New York City For $5.75M

The multifamily property located at 195 East 4th Street in New York City has been sold for a total price of $5,750,000. The property consists of 18 units, resulting in a price per unit of $319,444. With a total square footage of 8,975, the price per square foot is calculated at $641. The transaction took place on 04/04/2023.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Units: 18
• Price per Unit: $319,444
• Square Footage: 8,975
• Price per Square Foot: $641
• Address: 195 East 4th Street, New York City
• Buyer: Witnick Real Estate Partners
• Seller: Kushner Companies
• Brokers: Joe Koicim, Logan Markley & Zan Colin - Marcus & Millichap

Joe Koicim, Logan Markley, and Zan Colin from Marcus & Millichap represented the buyer and seller in this transaction. Their expertise and negotiation skills played a crucial role in the successful completion of the deal. Witnick Real Estate Partners, as the buyer, made a strategic investment in acquiring this multifamily property from Kushner Companies.