Amir Shriki Acquires Multifamily Building On Upper East Side For $14.9M

A multifamily property located at 240 East 90th Street in the Upper East Side has been sold for a total price of $14,900,000. The property consists of 25 units, with an average price per unit of $596,000. The total square footage of the property is 25,876, resulting in a price per square foot of $575. The sale of the property took place on 12/29/2021, and the transaction represents a capitalization rate of 3.78%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,900,000
• Units: 25
• Price per Unit: $596,000
• Square Footage: 25,876
• Price per Square Foot: $575
• Capitalization Rate: 3.78%

The buyer of the property is Amir Shriki. The transaction was facilitated by Andrew Berry, Brett Weisblum, and Charlie Gravina from Cushman & Wakefield.