The property asset involved in this transaction is a multifamily building located at 246 East 53rd Street in the Turtle Bay market. The sale was completed for a total price of $8,100,000, encompassing 12,915 square feet, which amounts to a price per square foot of $627.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,100,000
• Address: 246 East 53rd Street
• Market: Turtle Bay
• Square Footage: 12,915
• Price Per Square Foot: $627
• Buyer: Parke Leatherman - Lockhill Properties
• Co-Buyer: Jody Kriss
• Seller: Daniel Finger
• Date of Transaction: 02/14/2025

This transaction involved key individuals including Parke Leatherman, representing Lockhill Properties, and Jody Kriss, who acted as a co-buyer. The seller of the property was Daniel Finger. The collaboration between these parties reflects a significant deal within the multifamily market segment.