Adam Goodstein Of Seastone Capital Acquires 49-Unit Multifamily Building In Harlem For $4.9M

A 49-unit residential elevator building at 281 Edgecombe Avenue in Harlem was sold for $4,900,000. The asset spans a total of 58,596 square feet, resulting in a price per square foot of $84. The transaction took place in the Harlem market of Manhattan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,900,000
• Address: 281 Edgecombe Avenue
• Buyer: Adam Goodstein - Seastone Capital
• Seller: Annal Management
• Square Footage: 58,596
• Price Per Square Foot: $84

The deal involved Adam Goodstein representing Seastone Capital, which plans to hold the property as a cash-flowing asset. Annal Management was the selling entity in this transaction.