Joseph Cvek Acquires 16-Unit Multifamily Property In NYC For $5M

The multifamily property located at 239 East 77th Street in New York City has been sold in a closed transaction. The property consists of 16 units with a total square footage of 7,400. The sale price for this property was $5,000,000, resulting in a price per unit of $312,500 and a price per square foot of $676.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $5,000,000
• Units: 16
• Price Per Unit: $312,500
• Square Footage: 7,400
• Price Per Square Foot: $676

Joseph Cvek purchased the multifamily property from the Filipacchi Family. The transaction was facilitated by Eric Karmitz, Noah Kossoff, and Brandon Polakoff from Avison Young, representing both the buyer and the seller.