The Miller Family Purchases Multi-Family Property At 211 West 85th Street For $11.5M

The property asset involved in this transaction is a multi-family residence located at 211 West 85th Street in the Upper West Side. The sale price for the property was $11,500,000, which encompasses 13 units. The total square footage of the asset is 13,015, leading to a price per unit of $884,615 and a price per square foot of $883.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $11,500,000
• Units: 13
• Square Footage: 13,015
• Price Per Unit: $884,615
• Price Per Square Foot: $883
• Buyer: The Miller Family
• Seller: Lawrence Movtady - Movcap Real Estate
• Broker: Michael Sherman - Baseline Real Estate Advisors

Lawrence Movtady, representing Movcap Real Estate, previously acquired the property for $5.25 million in 2024. Michael Sherman from Baseline Real Estate Advisors facilitated the sale, representing the seller in this transaction.