Duc Hoang Acquires MultiFamily Property In New York City For $2.86M

The multi-family property located at 228 East 51st Street in New York City has been sold in a recent transaction. The property consists of 4 units with a total area of 4,800 square feet. The sale price for this transaction was $2,860,000, resulting in a price per unit of $715,000 and a price per square foot of $596.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $2,860,000
• Units: 4
• Price per Unit: $715,000
• Total Square Feet: 4,800
• Price per Square Foot: $596

Duc Hoang has acquired the property from the John Henry DeMaio Trust. The brokerage firm involved in this transaction is Besen Partners, with Jay Bernstein representing the buyer and seller.