JLL Brokers Sell Multifamily Property In Kips Bay, Manhattan For $5.95M

A multifamily property located at 225 East 25th Street in Kips Bay, Manhattan has been sold in a closed transaction. The property consists of 20 units with a total of 9,920 square feet. The sale price for the property was $5,950,000, resulting in a price per unit of $297,500 and a price per square foot of $600.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,950,000
• Address: 225 East 25th Street
• Market: Kips Bay, Manhattan

The sale of this multifamily property was facilitated by the brokers Teddy Galligan, Hall Oster, Clint Olsen, and Stephen Godnick from JLL. They represented the buyer and seller in this transaction.