Eli Pavel Acquires Multifamily (SRO) Property In Murray Hill For $3.15M

A multifamily property located at 214 East 35th Street in Murray Hill has been sold for $3,150,000. The property, which is classified as a Single Room Occupancy (SRO) type, spans across 3,350 square feet. It consists of 9 SRO units and one additional apartment. This equates to a price per square foot of $940. The transaction was completed at a unit price of $315,000.

Summary of transaction details

• Property Type: Multifamily (SRO)
• Transaction Amount: $3,150,000
• Total Square Footage: 3,350
• Price per Square Foot: $940
• Number of Units: 9 SRO + 1 apartment
• Unit Price: $315,000

The seller of the property was William Tseng, while the buyer was Eli Pavel. The deal was facilitated by Alex Tseng from Jet New York, who represented both the buyer and the seller in the transaction. The property was delivered vacant, with a Certificate of No Harassment (CONH) in place.