Zhi Xiang Lin Purchases Multifamily Property At 255 West 70th Street For $3.2M From Edward H. Morgan III

A multi-family residential asset located at 255 West 70th Street in Manhattan's Lincoln Square has been sold. The property consists of 3,632 square feet and features eight units, each with a price per unit of $400,000. The sale was finalized for $3,200,000, translating to a price per square foot of $881.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,200,000
• Address: 255 West 70th Street
• Market: Lincoln Square, Manhattan
• Square Footage: 3,632 SF
• Price Per Square Foot: $881
• Units: 8
• Price Per Unit: $400,000
• Buyer: Zhi Xiang Lin
• Seller: Edward H. Morgan III

The transaction involved Zhi Xiang Lin, who acquired the property through 255 W 70 St LLC, purchasing it from Edward H. Morgan III. The property is anticipated to generate cash flow for the new owner.