Investment Property Realty Group Acquires Multifamily Buildings In Lower East Side For $4.6M

Two adjacent multifamily buildings located at 251 and 253 E. Broadway in the Lower East Side have been sold. The properties, situated near Seward Park, were purchased by a savvy, up-and-coming buyer. The sale was facilitated by the brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik, and Eli Zempsky from Investment Property Realty Group (IPRG). The transaction had a sale price of $4,583,000 and consisted of 21 units, with a price per unit of $218,238. The total square footage of the buildings is 15,220, resulting in a price per square foot of $301.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,583,000
• Units: 21
• Price Per Unit: $218,238
• Square Footage: 15,220
• Price Per Square Foot: $301
• Address: 251 & 253 E. Broadway
• Market: Lower East Side

The transaction was completed by Investment Property Realty Group (IPRG), with brokers Adam Lobel, Zachary Ziskin, Justin Zeitchik, and Eli Zempsky representing the buyer. Their expertise and assistance played a crucial role in this successful deal.