Norbil Trust Co. Acquires Multifamily Property At 225 East 25th Street For $10.4M

The property asset involved in the transaction is located at 225 East 25th Street in the Manhattan market. This multifamily asset was sold for $10,400,000 and encompasses a total square footage of 9,920, resulting in a price per square foot of $1,048.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,400,000
• Address: 225 East 25th Street
• Market: Manhattan
• Square Footage: 9,920
• Price Per Square Foot: $1,048
• Buyer: Norbil Trust Co.
• Seller: Parke Leatherman - Lockhill Properties
• Broker: Brandon Polakoff - Avison Young

The deal features key individuals and companies; the buyer is represented by Norbil Trust Co. and the seller is represented by Parke Leatherman of Lockhill Properties. The transaction was facilitated by broker Brandon Polakoff from Avison Young.