Parke Leatherman Acquires Multifamily Property From Marchi Family In Kips Bay For $6.15M

The property asset involved in the transaction is located at 243-245 East 31st Street in the Kips Bay market of Manhattan. This multifamily building consists of 10 units and has a total square footage of 11,400, with a sale price of $6,150,000, resulting in a price per unit of $615,000 and a price per square foot of $539.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,150,000
• Units: 10
• Square Footage: 11,400
• Price Per Unit: $615,000
• Price Per Square Foot: $539
• Buyer: Parke Leatherman
• Seller: Marchi Family
• Brokers: Kevin Esh - Esh Property Group; Scott Dweck & Brandon Thomas - Latitude Property Group

The deal features prominent individuals such as buyer Parke Leatherman and seller Marchi Family, with brokerage representation from Kevin Esh of Esh Property Group, alongside Scott Dweck and Brandon Thomas from Latitude Property Group, highlighting the involvement of multiple brokerage firms in the successful completion of this transaction.