Chok Lei Acquires Multifamily Property In Midtown East For $3.8M

An multifamily property located at 221 East 48th Street in Midtown East has been sold for a price of $3,775,000. The property consists of 5 units with a total square footage of 5,380. The price per unit was $755,000 and the price per square foot was $701.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,775,000
• Address: 221 East 48th Street
• Market: Midtown East

The buyer of the property was Chok Lei, while the seller was Jonathan Levine. The deal was facilitated by John Ciraulo, Craig Waggner, Will Conrad, Mike Kavanagh, and Damani Strasner, who were represented by the team Ciraulo & Waggner from Cushman & Wakefield.